This marks the first installment of Starknet’s Catalyst program, aiming to incentivize blockchain development on the network.
The Starknet Foundation will distribute 20 million Starknet tokens to the most advanced projects on the network.
The program has chosen to reward the top user-facing protocols based on multiple factors, which were weighed by the Stark Foundation together with an independent third-party, according to Diego Oliva, the CEO of Starknet Foundation. Oliva told Cointelegraph: The grants program aims to accelerate innovation on Starknet’s Ethereum layer-2 scaling solution based on zero-knowledge rollup technology. The grants will be divided into two categories separating advanced-stage projects from emerging projects building on the network.
“Starknet has rolled out and will continue to roll out a series of upgrades focused on improving transaction speeds, reducing latency and transaction costs. This benefits on-chain games as well as DeFi applications, which is another group of applications that are seeing a lot of success of Starknet.”
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