Bitcoin NewsMintlayer, a Bitcoin sidechain, has revealed that its grants initiative is now accepting applications. The grants are available in $ML tokens, and at the time of publication, there are $4 million worth of these tokens available.
The funding program was created to support the creation of resources and tools that would benefit the Mintlayer ecosystem.
Since institutional cryptocurrency investments fell by 95% in 2022, the grant arrives at a perfect moment.
The funding program is primarily designed for initiatives that would benefit the Mintlayer protocol but wouldn’t be a source of income.
Using the Mintlayer Ecosystem, potential applicants may submit the application at https://www.mintlayer.org/en/ecosystem/.
Applicants will need to provide a thorough description of their project, as well as their contact information and any evidence they may have that demonstrates their capacity to see a project through to completion, or that shows the progress of the project they are presenting. The projects of the winners will be chosen depending on how well they complement Mintlayer’s plan.
“One of our directives is to attract the best teams, projects, and ideas to the Bitcoin ecosystem via Mintlayer. These grants assure that when developers come with a bright idea, there are resources to build it.” – Enrico Rubboli, CEO of RBB Lab.
Source: https://thenewscrypto.com/bitcoin-sidechain-mintlayer-opens-applications-for-4m-open-source-development-grant/