The Starknet Foundation has announced that as part of its new Catalyst initiative, it will distribute approximately $25.20 million worth of Starknet tokens to 21 of the best projects in the ecosystem. Diego Oliva, CEO of the Starknet Foundation, said that the project has chosen to reward the top-tier user-facing protocols based on multiple factors, the weights of which are jointly measured by the Starknet Foundation and independent third parties. The grant program aims to accelerate innovation in Starknet's Ethereum Layer2 scaling solution based on zero-knowledge rollup technology. The grants will be split into two categories, separating advanced projects from emerging projects on the network.
The top six best-performing projects eligible for funding include token startup platform Ekubo, DeFi protocol AVNU with gas-free trading, on-chain strategy game Influence, on-chain gaming world Realms, DeFi protocol Nostra for the upcoming crypto superapp, and decentralized perpetual futures exchange ZKX.
Starknet Launches Token Incentive Program Worth About $25.20 million
2024-05-28 15:41:34
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