Cryptocurrency News

Privacy blockchain Dusk set up $ 5 million grant program

The crypto space has grown significantly in recent years, with various projects using various blockchains for their solutions. The Dusk Network, a privacy-focused blockchain, is now offering projects the opportunity to apply for funding for efforts related to the evening.

“The Dusk Grants Program seeks to engage (independent) projects, developers, researchers, academics, or community organizers to accelerate the development and accessibility of the Dusk Network blockchain platform,” said Dusk. said In a public statement on Tuesday. “The program is open to anyone else, although the applications need to be relevant to the Dusk network.”

Originally unveiled back in April, the grant initiative totaled $ 5 million, available for allocation to various projects. According to the public statement, interested parties should apply for grant money, with applications going through a six-step process, starting with an inquiry form and ending with onboarding.

The statement lists a number of special projects that Dusk is interested in in terms of allocating grant funding, including projects with mainstream adoption.

since Bitcoin’s blockchain launched in 2009, Several other blockchains have emerged, such as Ethereum, with which projects can build solutions. Dusk aims to offer a privacy-focused blockchain, which can be used for construction projects.

Dusk’s team currently oversees the grant effort, including approvals, although Dusk plans to create a specific unit for grant Overwatch. “In the coming year, a new Immediate Governance Council grant program consisting of core team members and eminent industry developers will begin to operate,” the statement said. “This dedicated team of 7 people will also control the network’s Community Development Fund (CDF), and is tasked with securing the long-term future of the Dusk network,” the statement said. “Further down the line, the team aspires to operate the network directly on the chain through a decentralized governance process.”

According to the statement, Dusk has not yet openly started his testnet. Cointelegraph contacted the Dusk Network but did not receive a response in time for initial publication.