The EOS Foundation Will Launch A $50,000 Developer Support Program Ahead The EVM Release

Key Points:

• In order to completely recover in terms of EOS network activity and growth, the EOS Foundation intends to give financing and other assistance for EOS-based applications prior to the release of the EVM in April.
• The award program will provide funding to developers who create EVM-compatible apps, ranging from $10,000 to more than $50,000 depending on the initiative’s size and complexity.

Before the EVM is released in April, the EOS Foundation intends to give financing and other support for EOS-based applications.

EOS Foundation, whose native eos (EOS) coins originally had a market valuation of $14 billion at its height, is planning a total rebound in network activity and growth, with broad support for application developers. In order to completely recover in terms of EOS network activity and growth, this Foundation intends to give financing and other assistance for EOS-based applications prior to the release of the EVM in April. 

The funding program, for example, will reward developers who create EVM-compatible apps, with grants ranging from $10,000 to more than $50,000 depending on the magnitude and breadth of the initiative, and the EOS Foundation can give funds to developers of brand-new products. Rather, contribute cash for the upkeep and improvement of current tools. EVMs are the environments in which all Ethereum accounts and smart contracts reside, acting as a virtual computer used by developers to create decentralized apps (dApps). EVMs, when implemented on other blockchains, can enable developers to create dApps and DeFi apps in the same way as they would on Ethereum.

According to the foundation team, EVM compatibility is critical to EOS’s promise, not only technically but also commercially. Finally, we must welcome more Solidity developers and users to EOS, and an EVM atop EOS is a perfect bridge to accomplish so. EOS EVM is expected tol launch the last test network on March 27, and the major network test will take place on April 14.

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