Sei Foundation announced that it is collaborating with Gitcoin. Fantom is preparing to launch stablecoin USDC.e. With the impact of these developments, altcoin prices started to rise.
Sei and Gitcoin shook hands, altcoin prices reacted positively!
cryptokoin.com As we reported, Sei Foundation announced that it is collaborating with Gitcoin. Additionally, Sei introduced the Sei Creator Fund, a $10 million initiative. He announced that he will support existing and new NFT and Social projects in his ecosystem with this fund. He stated that the application process for grants will take place in two stages. In Stage 1, applicants must apply directly to the Foundation. This is followed by Phase 2, which includes community-driven funding and is done in partnership with Gitcoin. Sei announced the development to the public with the following statements:
Sei Foundation announced that it has partnered with Gitcoin to launch the Sei Creator Fund, a $10 million grant fund for the creation and growth of NFT and Social projects on Sei.
This fund is designed to empower creators and founders across the NFT and Social spectrum, including collectibles, apps, infrastructure, content creation, and even In Real Life (IRL) events, the statement said. With the impact of this important development, the SEI price started to move northward. The altcoin rose from its intraday low of $0.68 to $0.75. At the time of writing, the token was trading close to these levels.
Meanwhile, GTC also made an upward move similar to SEI. In this direction, the altcoin climbed a path from $ 1.75 to $ 1.89 during the day.
Fantom launches stablecoin USDC.e!
Fantom will launch its canonical stablecoin USDC.e, which is supported by Circle and Wormhole and brings potential benefits to users and developers. The Foundation announced the development to the public through its official X account. In this context, he stated that he will launch the USDC.e stablecoin on April 5 with the support of stablecoin giants Circle and Wormhole.
Meanwhile, the asset will be bridged from USDC contained in an Ethereum smart contract. It will also become the official stablecoin of the Fantom ecosystem in current and future upgrades. The stablecoin is bridged from USDC and can be upgraded to native asset in the future. This serves as a potential advantage for presence across community lines. According to the statement, a future agreement between Circle and Fantom will enable the migration of all USDC.e tokens to USDC without an exchange or a developer update to the addresses. The altcoin price reacted positively to this development. With the wind of the market recovery, it made a jump from $ 0.82 to $ 0.88.
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