Porta Network, a blockchain project focused on accelerating mass Web3 adoption, is launching its Ecosystem Grant program.
Porta is a Substrate-based Nominated Proof of Stake blockchain. The company is focused on simplifying user and developer experience.
Since launching Padlock, its testnet, on Wednesday 11th August, the project has seen a surge of 125+ developers building on it and 80+ new cryptocurrencies on its testnet created by developers.
To expand the Porta ecosystem, the company is looking to support early-stage projects built with Rust or Rust projects looking to connect to the Porta blockchain.
For 2021, the company will be awarding up to $60k worth of grants dispersed in amounts of $10,000 and $15,000. It’s aiming to reward 2-4 grants for this initial run.
Here are the Ecosystem Grant categories:
- Decentralized AMMs/IDOs protocols
- DeFi lending protocols
- Decentralized P2P trading platforms
- Development tools
- New Idea
- Application deadline – 19th Sept 2021
- Grant winners announced – 30th Sept 2021
- Step 1: Submit grant application.
- Step 2: Interview to determine if the project is a good fit.
- Step 3: Grant winners are announced.
- Step 4: Onboarding & milestone setting.
- Finish: Grant distribution.
Application best practices and Ecosystem Grants FAQs can be located on the Porta website.
About Porta Network
Porta means “gateway” in Latin. It is a blockchain project built on Substrate with the goal of giving everyone access to Web3 products with a seamless and easy-to-understand experience for both new and seasoned blockchain users.
Products such as decentralised finance, non-fungible tokens, peer-to-peer lending and also less common use-cases like social, business organisation, decentralised creator economies and more.
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