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Porta Network Launches Its Ecosystem Grants to Support Rust Developers

Porta Network Launches

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.

Grant applications can be submitted here.

Here are the Ecosystem Grant categories:

  • Decentralized AMMs/IDOs protocols
  • Gaming
  • NFTs
  • DeFi lending protocols
  • Bridges
  • Decentralized P2P trading platforms
  • Development tools
  • Privacy
  • New Idea

Key Dates

  • Application deadline – 19th Sept 2021
  • Grant winners announced – 30th Sept 2021

Application Process

  • 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.

The team can be reached on Twitter/Discord/Telegram.

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.

Website/Twitter/Discord/Telegram

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.