Ronin Network Launches $10M Grant Program for Developers | Coinspeaker
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Ronin Network Launches $10M Grant Program for Developers

The Ronin Network has launched its grants program as it looks to award $10 million to developers

Godfrey Benjamin By Godfrey Benjamin Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Ronin Network Launches $10M Grant Program for Developers
Photo: Ronin / X

Key Notes

  • Ronin Network is incentivizing builders within its ecosystem with $10 million in funding.
  • Projects can receive from $20,000 to $300,000 to build user-centric applications.
  • The grants program has no application deadline as it eyes similar competitors’ growth initiatives.

Ronin Network, an Ethereum Virtual Machine (EVM)-compatible blockchain, has taken a major push to strengthen its blockchain ecosystem. The blockchain unveiled a $10 million grants program for developers and crypto projects earlier today. This initiative is set to give a massive boost to the Ronin ecosystem and bring fresh talent into the fold.

Ronin Ecosystem Grants to Support Innovation and Growth

The Ronin Ecosystem Grants program aims to encourage creativity and innovation among developers. The grants come in two parts: Builder Grants and Waypoint Gas Grants.

Builders can apply for up to $300,000 in Ronin (RON) tokens to help fund their projects. Smaller-scale waypoint grants, which aim to ease user interactions, offer up to $20,000. Notably, the smaller waypoint gas grants are designed to ease the user experience by covering gas fees.

Whether it is coding, audits, or deployment costs, this funding will cover it all. Ronin wants to support developers at every stage of their journey. Notably, developers will receive funding as they hit target goals.

These milestones are aligned with Ronin’s vision of building a thriving, interconnected blockchain ecosystem.

The main purpose of this grant program is to solve real-world issues. Ronin is looking for projects that tackle pain points, such as improving user experience, onboarding new users, or increasing on-chain activity.

The blockchain project is not just looking for technical solutions. It wants developers to create tools that make blockchain technology more accessible to the everyday user. The end-point is to transform Ronin into a hub for gaming, decentralized apps (dApps), and DeFi protocols.

The new Ronin Bounties initiative encourages user engagement by offering rewards within the Ronin wallet, bridging gaming and decentralized finance (DeFi). This program is part of Ronin’s mission to attract developers who can push the boundaries of what blockchain technology can do.

Additional Perks for Approved Projects

Beyond funding, Ronin is offering plenty of perks to sweeten the deal. Approved projects will get increased visibility through Ronin’s platform, including its wallet and ecosystem grants website. Developers can join the Ronin Builders discord to collaborate with other teams, venture capitalists, and advisors.

This gives them a chance to showcase their projects to the right audience. On top of that, successful developers can score discounts on essential infrastructure and tooling, helping them move faster and more efficiently.

The application process for the grant program is designed to be straightforward and transparent. There is no rush, and applications are open with no set deadline. The review process will take up to four weeks, giving Ronin ample time to evaluate the potential of each project.

For those applying for multiple grant categories, separate applications are required for each program. With these initiatives, Ronin is positioning itself as a key player in the blockchain space.

Several blockchain projects, including Ethereum Foundation, Ethernity Chain, and Solana Foundation, have launched similar grant programs. This initiative is aimed to support developers, foster innovation, and grow their ecosystems.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

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