HashKey Chain Launches $50 Million Atlas Grant Program to Empower Global Web3 Developers

HONG KONG, Dec. 12, 2024 /PRNewswire/ -- On December 10, HashKey Chain announced the $50 million Atlas Grant Program to support global Web3 projects.

Hong Kong technology firm HashKey Chain has announced a $50 million grant program to support global Web3 projects in a bid to drive innovation in the OP Stack ecosystem.

The initiative, announced Monday, is aimed at accelerating HashKey Chain’s application layer growth and boosting on-chain adoption. HashKey Chain leverages OP Stack technology to enhance transaction speed and reduce fees, enabling developers to build customizable Layer 2 blockchains with Ethereum’s security.

The grant pool comprises $50 million in HSK tokens, with $10 million allocated initially. Funding is tied to milestone achievements by developers and teams building on HashKey Chain.

Key Areas of Focus:

Hong Kong’s status as a financial hub makes it ideal for RWA tokenization, aligning with HashKey Chain’s compliance-focused strategy to bring traditional financial products on-chain.

CEO Statement:

“We are thrilled to announce the $50 million Atlas Grant Program to the global market,” said Kay, CEO of HashKey Chain. “We hope individuals, teams, and organizations joining the HashKey Chain ecosystem share a strong confidence in the future of the crypto industry. Together with HashKey Chain, we aim to build a thriving and open Web3 ecosystem, creating groundbreaking applications with real traction across major blockchains while achieving meaningful returns in the process.”

The first phase allocates $10 million in HSK tokens, with applications open from December 10, 2024, to January 10, 2025. Grant recipients will be announced on January 20, 2025.

X:@HashKeyHSK

Application: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1