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News

Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects

May 28, 2024 - Around 2 mins mins to read

Key Points:

  • Starknet Catalyst Program allocates 20 million STRK tokens to advance Ethereum Layer 2 scaling solutions.
  • Funding targets user experience enhancements, with six standout projects already identified.
  • Starknet’s initiative reflects its commitment to innovation, leveraging ZK-STARK technology for secure, scalable solutions.
The Starknet Foundation has announced its new Catalyst program, where it will distribute 20 million STRK tokens to the 21 leading projects in its ecosystem.
Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects
Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects 2

Starknet Catalyst Program Launched to Promote Ethereum Scaling Solutions

Starknet Catalyst Program encourages innovation within Ethereum Layer 2 Starknet’s solutions, all utilizing zero-knowledge rollup technology.

Funding is categorized into two segments, advanced and emerging, targeting both. The selection of top user-facing protocols to be funded rests on different factors evaluated by the Starknet Foundation and third-party evaluators. The program’s primary goal is to enhance the user experience by supporting projects that bring new features and interfaces that improve and augment the on-chain dApp experience.

Top projects vying for funding include Ekubo, a token launch platform; AVNU, a DeFi protocol promising gas-free transactions; Influence, a strategy game on-chain; Realms, an on-chain gaming world; Nostra, an upcoming crypto super app DeFi protocol; and ZKX, a decentralized perpetual futures exchange.

Starknet’s Supporting Developers with ZK-STARK Technology

This announcement follows a Seed Grants Program that supports early-stage applications. With the addition of the Starknet Catalyst Program and a forthcoming major program for established builders, the Starknet Foundation will provide broad and comprehensive support for developers at all stages of maturity within the ecosystem.

Another program to launch by the end of Q3 will be a user-centric program as a follow-up to the first round of Provisions. Starknet is renowned for its scalability, security, and low transaction costs, which make it a preferred environment for various innovative projects.

Starknet Catalyst Program is a testament to Starknet’s desire to nurture innovation and support applications from birth to self-sustainability. With ZK-STARK technology, Starknet enables a robust, scalable, and secure platform, resulting in a seamless experience for developers and users and making it one of the top choices for building advanced technological solutions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

catalyst

Ethereum

Layer 2

Seed Grants Program

Starknet

Starknet Catalyst Program

STRK

ZK-STARK

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects

Key Points:

  • Starknet Catalyst Program allocates 20 million STRK tokens to advance Ethereum Layer 2 scaling solutions.
  • Funding targets user experience enhancements, with six standout projects already identified.
  • Starknet’s initiative reflects its commitment to innovation, leveraging ZK-STARK technology for secure, scalable solutions.
The Starknet Foundation has announced its new Catalyst program, where it will distribute 20 million STRK tokens to the 21 leading projects in its ecosystem.
Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects
Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects 4

Starknet Catalyst Program Launched to Promote Ethereum Scaling Solutions

Starknet Catalyst Program encourages innovation within Ethereum Layer 2 Starknet’s solutions, all utilizing zero-knowledge rollup technology.

Funding is categorized into two segments, advanced and emerging, targeting both. The selection of top user-facing protocols to be funded rests on different factors evaluated by the Starknet Foundation and third-party evaluators. The program’s primary goal is to enhance the user experience by supporting projects that bring new features and interfaces that improve and augment the on-chain dApp experience.

Top projects vying for funding include Ekubo, a token launch platform; AVNU, a DeFi protocol promising gas-free transactions; Influence, a strategy game on-chain; Realms, an on-chain gaming world; Nostra, an upcoming crypto super app DeFi protocol; and ZKX, a decentralized perpetual futures exchange.

Starknet’s Supporting Developers with ZK-STARK Technology

This announcement follows a Seed Grants Program that supports early-stage applications. With the addition of the Starknet Catalyst Program and a forthcoming major program for established builders, the Starknet Foundation will provide broad and comprehensive support for developers at all stages of maturity within the ecosystem.

Another program to launch by the end of Q3 will be a user-centric program as a follow-up to the first round of Provisions. Starknet is renowned for its scalability, security, and low transaction costs, which make it a preferred environment for various innovative projects.

Starknet Catalyst Program is a testament to Starknet’s desire to nurture innovation and support applications from birth to self-sustainability. With ZK-STARK technology, Starknet enables a robust, scalable, and secure platform, resulting in a seamless experience for developers and users and making it one of the top choices for building advanced technological solutions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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