The IOTA Foundation Awards $2.36 Million in Grants to 20 Blockchain Projects

The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program.

The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects.

The IOTA Grants program received 82 applications since the last update, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling.

Highlighted Grant Recipients

SYMMIO / IntentX

Category: Perpetuals

Website: www.symm.io / X: @symm_io

SYMMIO is an omnichain settlement and clearing layer for derivatives. It offers Derivatives as a Service (DaaS), enabling decentralized exchanges to introduce derivatives products seamlessly.

Velocimeter / Graphene

Category: DEX

Website: www.velocimeter.xyz / X: @VelocimeterDEX

Velocimeter is a ve33 protocol with modifications to optimize token emissions and liquidity provision, aiming to offer more flexibility and efficiency.

WAGMI

Category: DEX

Website: wagmi.com / X: @PopsicleFinance

WAGMI protocol focuses on advanced liquidity provision strategies and leverage, utilizing concentrated liquidity to optimize returns.

MagicSea

Category: DEX & NFT Marketplace

Website: magicsea.finance / X: @MagicSeaDEX

MagicSea is a DEX and NFT marketplace on IOTA EVM, designed to boost the ecosystem's growth by supporting promising projects through a comprehensive builders program.

OTSea

Category: DEX

Website: www.otsea.io / X: good X: @otseaERC20

OTSea facilitates peer-to-peer trades across various chains and offers features like an auto-match system and buy/sell orders to protect users from scams via trustless smart contracts.

EpochZero

Category: NFT Marketplace

Website: epochzero.io / X: @Epoch_0

EpochZero provides NFT analytics and a marketplace, delivering insights and data through a resident bot and a web portal, enhancing user experience and market engagement.

Furucombo

Category: Yield & Asset Management

Website: furucombo.app / X: @furucombo

Furucombo enables users to create and execute complex DeFi transactions through a user-friendly interface, aiming to enhance the IOTA ecosystem by attracting more users and funds.

ApeBond

Category: Yield & Asset Management

Website: ape.bond / X: @ApeBond

ApeBond, formerly ApeSwap, focuses on decentralized fundraising and OTC services to help projects raise capital and liquidity without impacting token prices negatively.

Sherlock

Category: Tooling

Website: sherlock.xyz / X: @sherlockdefi

Sherlock's Audit Subsidy Program provides financial assistance for smart contract audits, enhancing security and encouraging protocol development on IOTA.

Single Finance

Category: Yield & Asset Management

Website: singlefinance.io / X: @single_finance

Single Finance offers performance analytics, auto-compounding, and risk management strategies to maximize yield farming returns while minimizing risks.

Rango Exchange

Category: Aggregator

Website: rango.exchange / X: @RangoExchange

Rango is a bridge and DEX aggregator supporting over 55 blockchains, aiming to enhance usability and attract more users to the IOTA network.

Saltmines

Category: GameFi

Website: saltmines.co / X: @SaltminesCo

Saltmines is a Player vs. Player battle arena racer featuring EVM-to-EVM battles, designed to attract Web2 users into the Web3 space through engaging gameplay.

The IOTA Grants program continues to drive innovation across the blockchain space, supporting a wide range of projects that contribute to the growth and development of the IOTA ecosystem. Stay updated and engage with these innovative projects by following them on X.