Have a big blockchain idea? You could get $100,000 to develop it

A blockchain ecosystem is providing $100,000 in funding to builders with huge concepts — incubating early-stage tasks that may remodel the crypto world sooner or later.

Callisto Community launched the We Fund You program in February 2022, and hand-picked tasks additionally get to profit from technical assist.

After receiving numerous submissions, 4 startups have been awarded a grant — and now, the EVM-compatible community is championing these up-and-coming tasks.

One among them is GAT Community, which requested $50,000 in funding because it establishes a next-generation crypto market and NFT toolbox.

This workforce of 5  builders stated they have been drawn to Callisto Network due to low gasoline charges and excessive transaction speeds — not least as a result of this “opens the door to attention-grabbing GameFi concepts that have been placed on maintain as a consequence of excessive prices” on rival chains.

Elsewhere, Energy-C.ar requested $25,000 from this ecosystem, together with technical and advertising assist. It is a important milestone as a result of that is the primary NFT venture to be launched on the Callisto Community.

Securing such funding can even open the door to new alternatives. PowerCar’s developer went on to affix Callisto Enterprise to work on good contracts, and his new employer additionally acquired the venture.

Supporting younger builders

Callisto Community additionally says it has been decided to assist passionate builders who’re taking their very first steps into this fast-moving trade.

At simply 16 and 17 years previous, Patrik Čermák and Mojmír Zálešák are the youngest builders to obtain a grant from the We Fund You program — $25,000 with a view to assist folks their age elevate their funding expertise.

Teramite will quickly supply programs and shows that educate kids about crypto, encryption, programming, investments and math — sources that can be utilized in faculties and public conferences. And given how such matters aren’t at all times taught in instructional settings, this may be extraordinarily useful, stopping youngsters from making pricey errors.

This content material is being created within the coming months, together with a social media presence and web site. Teramite goals to launch within the fourth quarter of 2022.

And rounding off the record of We Fund You contributors is Soy Finance, the DeFi platform is receiving an award to develop an auto-compound operate for yield farmers.

Bringing nice concepts to life

We Fund You is presently gearing up for one more spherical, the place much more builders might be invited to use for funding. And going ahead, Callisto Community goals to resume this initiative on a quarterly foundation, that means there might be a continuing stream of modern new tasks in its pipeline.

Vladimír Vencálek, the CEO of Callisto Community, informed Cointelegraph that “lately, it has change into clear that quite a few tasks have managed to achieve the highest 100 primarily because of their advertising price range — and on the identical time, many builders have nice concepts however lack the monetary sources. Callisto Enterprise desires to leverage these monetary and human sources to assist proficient builders.”

With the blockchain trade transferring so speedily, there is a scarcity of expertise — with many corporations struggling to get cutting-edge ideas off the bottom. Callisto Community is opening doorways for individuals who are nonetheless discovering how this sector works, having fun with a entrance row seat as innovation takes place.

Crucially, Callisto has adopted a security-first strategy — and the venture boasts its personal safety division, consisting of a workforce of decentralized auditors. In addition to auditing over 400 good contracts, its consultants have additionally contributed enhancements to Ethereum (ETH), Ethereum Traditional (ETC), EOS and different chains and tasks.