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Tezos Is Giving Away Grant Money to Crypto Developers
The Tezos Foundation is launching a grant program to encourage its community to participate on its platform starting next month.
By Muyao Shen
Updated Sep 13, 2021, 8:10 a.m. Published Jul 13, 2018, 7:00 p.m.
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A few short weeks after the beta version of its mainnet went live, Tezos is looking to encourage its community to begin developing on its platform.
The Tezos Foundation announced a new grant-making process Friday, saying it will hold a formal call for proposals in August. In a press release, the foundation explained that it has three initial targeting key areas: research that will extend the Tezos protocol, development of tools that will support Tezos and resolutions to grow the Tezos community.
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The foundation hopes to encourage Tezos community members, educational and research institutions and developers to apply for grants, according to the release.
Olaf Carlson-Wee told CoinDesk that funding projects initiated by the community was overdue as far back as February.
Tezos, a blockchain governance protocol, launched the beta version of its blockchain live at the end of June, but is still facing several class-action lawsuits. The foundation also just underwent a shakeup of its governing board following a protracted legal battle between the foundation and the token's developers, Arthur and Kathleen Breitman.
The Swiss-based blockchain project raised more than $232 million for its initial coin offering (ICO), a record-high token sale at the time.
Tezos logo image via Piotr Swat / Shutterstock
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