Fuse, one of the innovative blockchain projects, has launched a new grant program to revive its ecosystem.
According to the official statement made today, the program called Fuse Ignite will provide a total of 10 million dollars support to encourage the developers working on it and to grow the network.
"The teams that develop their projects on the Fuse ecosystem will be able to obtain a grant of up to $25,000 as a result of our evaluation. We are waiting for applications from projects that aim to increase the efficiency on the Fuse Network."
Announcing the terms of the grant via the blog post, the Fuse team stated that they will distribute the financial support as the local crypto currency FUSE and USDC. Community airdrop events were also allocated from the 10 million grant budget to promote the ecosystem.
According to the team's statement, users who are active in supported projects by holding a minimum amount of FUSE coins will be able to benefit from the benefits of the support program.
Blockchain ecosystem project Fuse, which started in 2019, has a market value of $ 16 million today. While more than 100 Web3 projects are being developed on Fuse, there are 1.35 million wallet addresses on the network, according to the latest figures.