Flow Blockchain has dedicated $725 million towards the Flow Ecosystem Fund. The fund has been designed to boost growth and innovation across the Flow Community. The Flow Ecosystem Fund of $725 million is the largest joint commitment toward any blockchain ecosystem.
The focus would be to enable a larger number of equitable and distributed Web3 opportunities. The support under the fund program will be extended to developers who are already in the community and those planning to enter the space in the time to come.
The fund is backed by investors from industry-leading firms, having a record of partnering with several successful companies in the Web3 sector.
A list of the partners for the fund program is as follows:
| USV | Green Field One | Andreessen Horowitz | Digital Currency Group | Coin Fund | Coatue |
| Spartan | Fabric Ventures | Mirana | Liberty City | AppWorks | Cadenza |
| L1 Digital | SkyVision Capital | OP Crypto | Hashkey | Dispersion Capital | |
Under the Flow Ecosystem Fund program, the support will be offered through in-kind investments and FLOW token grants. Developers from any part of the world are eligible to apply; however, the prime focus is on infrastructure, gaming, content, Decentralized Finance, and creators.
Some more Ecosystem Support Programs are the $10M Dapper Studio Ecosystem Fund, Developer Grant, Ecosystem Investments from Dapper Labs, and Fundraising Support.
The $10M Dapper Studio Ecosystem Fund supports builders who have newly entered the space. It enables faster growth to create amazing experiences for the consumers of Web3. The program centres around social & gaming play to create new ways for the holders of sports NFT to engage with their holdings.
Developer Grant is offered with contributions that are open source, product bounties, developer services, and educational materials. The program ensures that the builders sustain their commitment through FLOW token grants.
The success of Flow is heavily dependent on how active its community is and how much it thrives to accelerate & enhance the process of building & consuming applications on Flow. Developer Grants further strengthen the success of Flow by focusing a lot on builders.
The ecosystem receives investments from Dapper Labs, provided the teams are at their best on Flow. Investments from Dapper Labs help ensure that the Web3 space is broadened with time. The funding program began in March last year. Since then, the program has invested in at least 120 companies.
Investments have been in partnership with tier-1 VCs, including Bond, Tiger Global, A16Z, CoinFund, Animoca Brands, NEA, and Coatue, among many others.
Fundraising support to builders experiences raising huge funds. Companies have reported raising nearly $3.5 billion from some of the best global investors. The amount is exclusive of the $600 million raised by Dapper Labs.
Flow Ecosystem reaches out to more than 500 VCs in its network, offers materials workshops, shares general fundraising strategies, and trains in fundraising process management.
Builders from across the globe can apply to the Ecosystem Support Programs through the official website of Flow.
Source: https://www.cryptonewsz.com/flow-blockchain-announces-fund-for-the-flow-ecosystem/