Polkadot (DOT) developer team Web3 Foundation is launching a multimillion-dollar program to drive ecosystem adoption and generate new projects that will contribute.
The Web3 Foundation took action to increase ecosystem adoption and fund new projects. Made by the Foundation on social media in the announcement, through 2024 $22.08 million and about 18 million 900 thousand dollars worth 5 million DOT It was declared that it will be distributed to projects that have the potential to have an impact on the ecosystem.
Approximately to be distributed with 40 million dollars different together projects And your initiatives by coming to life Contribution to the Polkadot ecosystem will be aimed to provide. According to the statement made by Web3 Foundation, the launch date and fund distribution details of the program in the coming weeks will be announced:
It will leverage the Polkadot Treasury’s community-led funding mechanism to assist projects that will have a meaningful impact on the future of Polkadot. We’ll be sharing more details about the official launch date and how to apply for funding in the coming weeks. There are many voices in our ecosystem, and we want to enable more of them to lead the way.
According to CoinGecko data, in the last 24 hours 1.1% DOT, which has lost value, at the time of writing from $3.77 finds buyers.