Aleph Zero Launches $50M Ecosystem Funding Program | Blockster

The Aleph Zero Foundation has announced the launch of its $50 million Ecosystem Funding Program. The foundation oversees the development of Aleph Zero, a public, permissionless, and leaderless blockchain that includes ink! WebAssembly smart contracts and Liminal privacy-enhancing ZK-SNARKs and MPC technology.

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The funding program aims to support developer teams to build on Aleph Zero and consists of grants, incubation, and acceleration across all stages of product development. Interested parties can apply at alephzero.org/EFP. Grant recipients will receive up to $500,000 per project in grant funding, and gain exclusive access to Aleph Zero’s venture capital pool.

Aleph Zero’s partner, Kudelski Security, will also provide free or heavily-subsidized security design consultations and code audits, while Amazon Web Services will provide infrastructure credits to selected teams and projects via its Activate program.
“The Foundation is particularly interested in supporting teams that are focused on use cases in DeFi & broader economic empowerment, but we’re open to assisting ambitious teams from all verticals."

Magdalena Oleksy, Ecosystem Lead
"Applications showcasing Aleph Zero’s unique features and focused on compliant privacy solutions are of particular interest. The Foundation is also eager to support various network improvements and tooling for the WASM ink! ecosystem," added Magdalena.

Aleph Zero has already around 30 different products in development, with several being built under the Ecosystem Funding Program’s pilot program.

These include Abax, a decentralized lending and borrowing protocol, ArtZero, an NFT marketplace, AZERO Domains, a leading domain name service, DRKVRS, a unique dark metaverse experience, Gatenox, an enterprise-grade decentralized identity platform, Interlock, a decentralized security platform that delivers Web3-centered solutions, Syncra, a no-code solution for creating privacy-enhanced DAOs, and Metamask Snap, a dedicated Snap to onboard users to the Aleph Zero network.

Participating VCs and angel investors will have the opportunity to engage with teams individually, and make future independent decisions with ecosystem projects. The Aleph Zero Foundation and its partner network aim to fund and empower innovations from developer teams that expand the capabilities, functionalities, and adoption of the Aleph Zero blockchain.

The Ecosystem Funding Program is backed by other long-term contributors to the project, such as Skynet Trading, NxGen, Diamond Atlas Capital, BlackDragon, Necker Ventures, Block54 Capital, Hodl.nl and Hodl Ventures, Pragma Ventures, RR2 Capital, Cardinal Cryptography and Cardinal Ventures, Bellwether Rocks, Offbeat Ventures, 727 Ventures, and others, as well as Aleph Zero core developers and a number of angel investors.

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For more information, follow Aleph Zero on Twitter and stay up to date with all their latest news and announcements.