Neo doubles ecosystem funding to $ 200 million with three new funding initiatives

Press release

Shanghai, December 17, 2021 – Neo, the most comprehensive blockchain platform for building decentralized applications, has introduced three new funding programs into the Eco-Support ecosystem. The new programs include standard, lead developer, and exploration grants. With these additions, the Neo Foundation has now raised a total of $ 200 million for eco-support funding initiatives.

This year’s release of Neo N3 marks a huge leap in Neo’s journey to building the best blockchain for DApp developers.

“We are proud and grateful to the members of our global and growing community of dedicated developers who have achieved this milestone. Through these initiatives, Neo is prioritizing the success of the Neo blockchain by investing in its most important asset: the Neo community.

The three new programs complete the path in the Neo Eco Support ecosystem and offer a new level of completeness that drives the advancement of the most developer-friendly blockchain in the industry. These current funding programs specifically address the following areas:

General sponsorship program

The general funding program is designed to launch the contributions of experienced development teams to the neo-ecosystem. The program focuses on funding the development of tools and infrastructure for the Neo N3 blockchain. Typical funding can range from $ 5,000 to $ 50,000.

Grants are available for complex new projects as well as for existing projects with new skills or major upgrades. Development teams selected for this program can receive benefits such as project funding, guidance from Neo core developers and other technical leaders, and access to developer communities from events such as the Neo Local Community Assembly.

Core Developer Grant Program

The Core Developer Grant Program encourages developers who have made outstanding contributions to the Neo-Core code base to apply as core developers. Each of the chosen ones can contribute in their own way to deeply participate in the technical and technological decisions of Neo.

In addition to the ability to build influence and personal branding in the industry, core developers can receive a one-year grant with a monthly grant, as well as a quarterly grant to select neo repositories.

Research grant program

Finally, the research fellowship program is designed to fund applied research that encourages continued growth and development in the blockchain industry. This program invites applications from pioneering researchers from areas such as universities, research institutes, laboratories and consulting.

The fellows will demonstrate their ability to make real-world improvements to the Neo-Blockchain in areas related to the Neo Foundation’s vision and roadmap. Typical financing costs can range from $ 10,000 to $ 100,000.

High priority topics

For the time being, the Neo Foundation will specifically prioritize funding applications that can cover one of the following areas:

Oracle: An integrated Oracle that enables secure access to all off-chain data. Projects that build a decentralized, secure and stable price feed service for De-Fi, NFT and games in the neo-ecosystem will be prioritized.

NeoFS: A distributed data storage solution designed for scalability and data protection. Projects that build end-to-end applications based on NeoFS or on the utility-enhanced infrastructure of the NeoFS service are preferred.

NeoID: Redefining trust so that users have full control over their identity data and can be seamlessly integrated into existing business systems. Projects are created with NeoID to provide a decentralized identity service to users, or credential issuer to provide a preferred authentication service.