IoTeX Foundation Launches $100M Sustainable Ecosystem Fund

IoTeX Foundation has announced the launch of the $100 Million Sustainable Ecosystem Fund. The platform provides this latest initiative towards connecting billions of smart devices to the IoTeX network and building the Web3 machine economy. The Sustainable Ecosystem Fund is available for builders accelerating the IoTeX ecosystem across all different categories of applications including DeFi, GameFi, NFTs, DAOs, and MachineFi.

IoTeX connects the real world to Web3 to ensure that everyday people will own and control their devices, as well as the data and value they generate. MachineFi is the gateway to achieving this mission. MachineFi opens a brand new design space for all Web3 builders to span the physical and digital worlds and take part in the future trillion-dollar machine economy.

The Sustainable Ecosystem Fund is designed to be a self-sustaining model which, over the next decade, will support over 10,000 Web3 and MachineFi-driven projects on IoTeX. The Fund represents the Foundation’s commitment to reinvesting in the community. By using returns from current projects to continue funding new ones, the Fund generates long-term ecosystem growth and prosperity.

The Fund will support developers with all the resources necessary to build successful applications that bring the MachineFi mission to life for years to come.

The Sustainable Ecosystem Fund will support thousands of projects across DeFi, NFT, GameFi, and MachineFi. The Fund is open for projects at any stage as long as the project promotes the growth and adoption of the IoTeX technology, ecosystem, and community. Fund recipients will receive technical guidance, financial support, marketing support, community bootstrap, and investment opportunities for BUIDLers- tech or non-tech.

There are over 10,000 IoTeX-powered devices active today. That number will see exponential growth as more applications and projects join the IoTeX ecosystem to power the new machine economy. These devices and applications will span sectors such as healthcare, gaming, automotive, and more. The integration of MachineFi into the greater Web3 ecosystem will introduce countless innovative use cases.

The project team is dedicated to opening this brand-new design space for builders to create the future of MachineFi from its very beginnings. By supporting thousands of ecosystem projects, this is a groundbreaking opportunity to pioneer the Web3 economy.

Apply for the Sustainable Ecosystem Fund by completing this form or sending your pitch deck to iofund@iotex.io.

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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