crypto-economy.com
Mina Protocol has announced that it would offer zkIgite and Cohort 1 to help users create decentralized apps. Similarly, these two also offer users to revolutionize the way they interact with their data. ZkIgnite and Cohort 1 can be classified as 3-month programs that are specially crafted to help developers. These would also help entrepreneurs to turn their ideas into successful businesses on the Mina Protocol. To delight users further, approximately $500k USDC and 500k MINA would be available as a part of the community-driven program. These would be used to greatly fund numerous zkApp businesses that would pave the way for the Mina Protocol to move forward.
Mina Protocol stated that it would offer users numerous challenges that include funding team formation, etc. Apart from these, users would also be challenged to generate innovative ideas and draft some high-quality proposals. Additionally, zkIgnite would be community driven at each and every stage. That is exactly why Mina Protocol is keen on introducing the Mina Innovation Platform. This can simply be defined as a new space that would offer users the opportunity to collaborate. It would become easier for users to make teams and submit proposals for funding.
Apart from that, all teams in Cohort 1 would form teams revolving around the zkApp ideas to solve multiple real-world problems. However, teams would not be limited under any circumstances. Keeping that in mind, Mina does encourage teams to have at least 1-2 technical developers. There are no limitations on participants either as anyone can join.
Mina Protocol is All Set to welcome new Builders
Mina previously introduced the quarterly grants program, and 2022 was considered to be a monumental year. The system of these quarterly grants has brought considerable contribution towards the mina ecosystem. As a result, the Mina Protocol is gearing up to update its grants program for 2023. The main aim of doing so is to stimulate the growth of multiple zkApps and developer tooling.
That being said, it is expected that Mina would soon be retiring the quarterly grants program. Instead, it would focus solely on zkIgnite. On the other hand, Mina would continue to engage with core grants throughout 2023. It is necessary to ensure that active participation is of utmost necessity, and there are still a lot of projects to see through zkIgnite.