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XION, the earliest walletless L1 blockchain, has announced an exclusive funding project in collaboration with Thrive Protocol. The $12.6M Anti-Grant-Grant Program targets to expedite the mainstream Web3 adoption via significant builder support.
XION’s $12.6M Anti-Grant-Grant Program Focuses on Offering Exclusive Web3 Use Cases
The platform mentioned in its announcement that its $12.6M Anti-Grant-Grant Program offers long-term, sustainable builder support. The mutual endeavor of XION and Thrive Protocol backs entrepreneurs. Hence, those using XION’s advanced chain abstraction to develop real Web3 use cases for all users can get significant support.
XION Founder, Burnt Banksy expressed excitement for this development. He asserted that crypto grants have gained a very terrible connotation as they have reportedly hurt talented builders to a great extent. Nonetheless, this development intends to offer substantial support to the promising entrepreneurs in taking the initial move into the XION network.
Thrive Protocol enjoys a good reputation for its effective deployments with top blockchain entities like Arbitrum Metis, Hedera, Polygon, and ApeCoin. As a part of this collaboration, Thrive Protocol offers its capital-effective framework to the ecosystem of XION. The efficient methodology of the platform has consistently led to better results in comparison with conventional models for crypto funding. It has achieved enormous efficiency by leveraging a proof-of-value mechanism that the expert reviewers manage.
The Endeavor Strengthens Developers to Create a Solid App Ecosystem for Massive User Adoption
Daniel Jacobs, the Thrive Protocol Founder, claimed that the company pays great attention to the suitable payment for builders. In addition to this, the company reportedly focuses on helping well-organized treasuries in more effective fund deployment. Jacobs added that the collaboration with XION provides upfront funding to facilitate builders. Coming after a highly fruitful mainnet launch, the anti-grant-grant project denotes a strategic endeavor. It aims to further establish a resilient ecosystem of apps that can push wider user adoption.
According to XION, the developers willing to take part in the Anti-Grant-Grant Program can apply via its official web portal “thrivexion.com.” The respective initiative is reportedly scheduled to launch on the 13th of December. It will evaluate the projects in line with their impact on the wider adoption, technical viability, as well as compatibility with XION’s objective to streamline blockchain interaction.