Blockchain platform launches massive incentive program to support ecosystem development

A certain blockchain platform recently announced the launch of a developer incentive program with a total amount of $50 million, aimed at attracting global developers to participate in the construction of its ecosystem. The program is called Atlas Grant, and the first phase will distribute $10 million worth of native platform tokens, with future funding to be allocated based on project progress.

This plan is primarily aimed at projects that are already on or planning to deploy to the platform, focusing on supporting innovations in areas such as RWA, payment finance, stablecoins, and Bitcoin finance. The platform stated that, in addition to funding support, it will also provide developers with comprehensive support including ecological resources, technical guidance, and collaboration opportunities.

The blockchain platform is built on OP-Stack technology, aiming to improve transaction speed and reduce costs. OP-Stack is an open-source framework that supports the creation of interoperable Layer 2 blockchain networks, streamlining the development process and allowing for customized designs.

The platform's CEO stated: "We hope to attract individuals and teams who are confident in the cryptocurrency industry through this program, to jointly create application products that can have actual traffic on multiple mainstream public blockchains."

As part of Hong Kong's financial technology innovation, the platform is also committed to bringing traditional financial products into the Blockchain world, leveraging Hong Kong's advantages as a global financial center to promote asset tokenization innovation.

The first round of applications will close on January 10, 2025, and selected projects will be announced on January 20. This program provides non-dilutive funding aimed at promoting the prosperity and growth of the entire OP Stack ecosystem.