A good Blockchain Idea can now get $100,000 in funding

A blockchain ecosystem provides $100,000 in funding to developers with innovative ideas, helping to incubate initiatives at an early stage that may one day change the face of the cryptocurrency industry.

In February 2022, Callisto Network introduced the We Fund You program, providing technical assistance to hand-selected organizations. Four startups received grants after several applications, and the EVM-compatible network is now supporting these cutting-edge initiatives.

One is GAT Network, which asked for $50,000 in fundraising to build an NFT toolset and the next-generation crypto marketplace. According to this group of five developers, the low gas prices and quick transactions on Callisto Network “open the door to fascinating GameFi ideas that were put on wait due to high costs” on competing networks. Power-C.ar asked this ecosystem for $25,000 and marketing and technical assistance in other places. This is the first NFT project launched on the Callisto Network, making it an important milestone.

Obtaining such finance may also present you with fresh possibilities. The developer of PowerCar later joined Callisto Enterprise to work on smart contracts, and both companies ended up acquiring the project.

Also, read – Using blockchain to optimize food supplies & consumption

Assisting new developers

Callisto Network further claims it is committed to helping enthusiastic developers who are just starting in this quickly developing field. The We Fund You initiative awarded $25,000 to Patrik Ermak and Mojmr Zálek, two 16 and 17-year-old developers, to help people their age improve their investment abilities. They are the youngest developers to get this prize.

Termite’s resources can be used in classrooms and public gatherings to teach children about cryptography, encryption, programming, investments, and math. And given that these subjects aren’t frequently covered in schools, this can be very helpful in keeping youngsters from making costly errors.

This content will be produced in the upcoming months with a social media profile and website. The fourth quarter of 2022 is when Teramite plans to debut. The final participant in We Fund You is Soy Finance, whose DeFi platform won a prize for creating an auto-compound feature for farmers’ yields.

Making brilliant ideas a reality, We Fund You is preparing for a new round in which more developers will be allowed to submit financing requests. In the future, Callisto Network plans to relaunch this effort every three months, ensuring that it always has a steady stream of fresh, creative initiatives in its pipeline.

Callisto Network’s CEO, Vladimr Vencálek, told that “It has been apparent in recent years that a lot of projects made it to the top 100 primarily as a result of their marketing expenditures, while also many developers have excellent ideas but lack the necessary funding. The goal of Callisto Enterprise is to support exceptional developers by utilizing these financial and human resources.”

Due to the rapid growth of the blockchain industry, there is a talent shortage, preventing many businesses from implementing cutting-edge ideas. Callisto Network is opening doors for people who are still learning how this industry operates so they may watch innovation in action up close.

Importantly, Callisto has chosen to prioritize security, and the project has its security department with a group of decentralized auditors. Its expertise has improved Ethereum (ETH), Ethereum Classic (ETC), EOS, and other chains and projects, in addition, to auditing over 400 smart contracts.