IOTA 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,
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.

Grant
Program
Overview

Since
the
last
update,
the
IOTA
Grants
program
received
82
applications,
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:

@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.

Image
source:
Shutterstock

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