VeChain, a leading blockchain ecosystem, has recently unveiled its Grants 2.0 program, which aims to support sustainable blockchain development. With a maximum funding of $100,000, the program represents a significant increase from its previous cap of $30,000. This upgrade also offers successful applicants the opportunity to receive mentorship from a wider range of industry leaders, including the prestigious Boston Consulting Group (BCG).
CEO Sunny Lu emphasized the importance of developers to the ecosystem and described Grants 2.0 as a testament to the foundation’s commitment to this vital group. In addition to the financial support, selected applicants will also receive marketing assistance to promote their products and services to a larger audience. These changes were made in response to feedback received by the foundation, which aims to provide ongoing support to developers, whom they consider to be catalysts for sustainable working and living.
The foundation has made the application process more convenient for developers by launching a dedicated website that streamlines the submission process. Moreover, alongside the overall grant, developers can also receive microgrants tailored to specific requirements, such as tool integrations.
VeChain’s Grants 2.0 program aligns with its X-2-Earn vision, which promotes a Web3 economic model. This model rewards users for various actions, such as play-to-earn in the gaming sector and move-to-earn in the fitness sector. By focusing on sustainability, VeChain aims to incentivize users to engage in activities that contribute to a better future.
VeChain has partnered with the Boston Consulting Group (BCG) to drive sustainability initiatives and foster a sustainable economy. Through Grants 2.0, the foundation ensures that developers working on sustainability products and services receive the necessary support. Blockchain technology plays a crucial role in incentivizing sustainable behavior at both the individual and enterprise levels, and developers are instrumental in creating the applications that drive this change.
With its commitment to sustainable development, VeChain has gained recognition globally. It has collaborated with major companies like Walmart, BMW, UFC, and China Unicom to power blockchain applications. By focusing on sustainability and providing increased funding support, VeChain hopes to empower developers to create applications that will shape a better tomorrow.