Arbitrum Foundations has announced the commencement of Phase 3 in its Grants Program. This next phase marks a pivotal moment for grantees and prospective applicants, promising enhanced clarity, fairness, and support for innovators in the blockchain space. Phase 2 of the Arbitrum Foundations Grants Program is closing, with the application form set to become unavailable after April 3, 2024. This deadline underscores the importance of interested parties finalising and submitting their applications to secure funding and support for their projects under the current phase’s parameters.
Looking ahead, the Arbitrum Foundations is gearing up to usher in Phase 3 of the grants program, with the application process slated to open on April 15, 2024. This new phase is not just a continuation but a strategic evolution of the program, designed to better cater to the diverse needs and stages of dApp projects within the ecosystem.
IGrant Allocation
One of the hallmark changes in Phase 3 is the introduction of grant tracks, a methodical and standardised approach to awarding grants. This new system is engineered to recognise and support the unique challenges and opportunities faced by dApp projects, based on their development stage, growth projections, and type.
Projects will now be categorised under dedicated grant tracks, ensuring that each receives the attention and resources best suited to its current state and future aspirations. This categorisation is a move towards increasing the overall transparency and fairness of the grants program, making it easier for applicants to understand how and why decisions are made. Specific goals and a predetermined amount of funding allocated will define each grant track. This clarity in objectives and funding is expected to streamline the application process and enable grantees to plan better and execute their development strategies.
As the Arbitrum Foundations prepares to roll out more information on Phase 3, the anticipation within the blockchain and dApp community builds. This next phase of the grants program is a testament to the foundation’s commitment to supporting innovation and a clear indication of its strategy to foster a more transparent, fair, and thriving ecosystem for developers and entrepreneurs alike.
Grantees and applicants are encouraged to stay tuned for further updates, as the detailed structure of the grant tracks and additional guidelines are expected to be released shortly, paving the way for a new chapter in advancing decentralised technologies.
Source: https://blockchainreporter.net/arbitrum-foundations-advances-to-phase-3/