Covalent Brings Innovation to Cronos with Grants and API Credits

Covalent extends its grants program to Cronos developers, offering up to $25,000 in API credits and mentorship to foster Web3 innovation. Covalent's Unified API provides access to structured data from over 225 blockchains, empowering Cronos developers to create innovative solutions in DeFi, AI, gaming, and more. Through this collaboration, Covalent and Cronos aim to democratize access to data and drive the next wave of blockchain innovation.

Covalent Unlocks Innovation on Cronos Ecosystem with Grants Program and API Credits

Foster Web3 Innovation: Covalent Grants Program Extended to Cronos

In a bold move to propel innovation and collaboration within the Cronos ecosystem, Covalent has extended its renowned grants program to developers working within this dynamic blockchain landscape. This strategic initiative aims to empower projects building on top of Covalent's robust API infrastructure, providing them with critical support and resources to unleash their full potential.

Covalent's Unrivaled Data Prowess: Empowering Cronos Developers

Covalent stands as a beacon of innovation for Cronos developers, providing them with an unparalleled solution to enhance their projects with real-time, historical on-chain data. Its Unified API boasts the largest and most comprehensive structured Web3 dataset, capable of querying data from over 100 billion decoded transactions across a vast expanse of 225+ blockchains.

Characterized by its unwavering cryptographic security and enterprise-grade reliability, Covalent's dataset sets itself apart by offering decentralized access to Web3 data, fueling innovation within the Cronos ecosystem's vibrant community. This extensive access is pivotal for fostering groundbreaking innovations in sectors such as decentralized finance (DeFi), artificial intelligence, machine learning, gaming, NFTs, analytics, and beyond. By leveraging Covalent's API, developers gain access to a treasure trove of structured data that powers their dApps, enabling them to derive valuable insights and drive innovation with confidence.

Accelerating Development with Covalent API Grants

Through the Covalent API Grants program, developers within the Cronos ecosystem are presented with an exceptional opportunity to receive expert mentorship and financial support of up to $25,000 in API credits to elevate their projects. This funding not only accelerates development but also fosters a dynamic ecosystem of innovative solutions on Cronos, propelling the platform's growth and impact.

Since its inception in fall 2023, the Covalent Grants program has awarded nearly $600,000 to 40 transformative projects, spanning a wide spectrum of categories, including DeFi, data analytics, security enhancements, and crypto AI projects. With the largest set of verified on-chain data in Web3 at their disposal, developers on Cronos have the necessary tools to build and innovate with unwavering confidence.

A Shared Vision: Empowering Developers Worldwide

This announcement embodies a shared commitment to advancing blockchain technology and empowering developers worldwide. Through collaborative initiatives such as this, Covalent and Cronos aim to democratize access to data and foster a thriving ecosystem of decentralized applications, driving the next wave of innovation in the blockchain space.

About Covalent

Covalent (CQT) stands as the leading provider of Web3 data, empowering millions of users to shape the new economy of products in AI, Big Data, and DeFi. Its unwavering commitment to democratizing access to structured data is delivered through a singular Unified API accessible to all. As a pillar of the DePIN ecosystem, Covalent caters to developers, analysts, innovators, and thousands of customers with comprehensive, real-time data access to over 225 blockchains and counting. Join Covalent in building the long-term data availability 'Ethereum Wayback Machine'.

About Cronos

Cronos stands as the premier Ethereum-compatible layer 1 blockchain network, built upon the Cosmos SDK. Backed by Crypto.com and over 500 app developers and partners, its mission is to simplify and secure adoption of Web3 for the next billion crypto users, with a focus on decentralized applications in DeFi, NFTs, and GameFi.