Boba Network and Thrive Protocol Launch Thrive Boba Ecosystem Grants
San Francisco, United States, October 17th, 2024, Chainwire
As the world’s top investment manager, it is crucial to stay informed about groundbreaking initiatives in the financial and technology sectors. The recent collaboration between Boba Network and Thrive Protocol to launch the Thrive Boba Ecosystem Grants is an exciting development that promises to empower developers, entrepreneurs, and creators in the blockchain space. This program offers $200,000 in BOBA tokens to support projects that drive on-chain activity and expand the Boba ecosystem. Applications for the grants are open until October 31, 2024.
Program Overview and Eligibility
The Thrive Boba Ecosystem Grants provide funding ranging from $10,000 to $35,000 in BOBA tokens to eligible projects. This program is open to both individuals and teams, with a focus on projects within Decentralized Finance (DeFi), Gaming, and Generative AI.
Applicants are required to outline three critical milestones for their projects, which will determine the phased release of grant funding:
- Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant.
- Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant.
Key Dates for Thrive Boba Season 1
- Application Deadline: October 31, 2024
- Notification of Grant Awards: November 19, 2024
- Project Completion Proof Submission: February 25, 2025
- Season 1 Ends: February 27, 2025
- Grant Disbursement: Approximately two weeks after Season 1 ends
Application Process and Requirements
To apply for the grants, participants must submit their applications through the official Thrive Boba platform by October 31, 2024. Eligibility criteria include joining the Thrive Protocol Discord, connecting their wallet (which will receive grant funds), and linking their X/Twitter and GitHub accounts.
“The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”
“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”
About Boba Network
Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for ETH, BTC, and BNB, supporting lightning-fast transactions and significantly lower fees compared to layer-1 solutions. Boba Network is powered by HybridCompute™ technology, allowing developers to build hybrid dapps that connect people to the future of blockchain applications.
Website:
Twitter: @bobanetwork
LinkedIn:
Contact Marketing Manager Gian Kim, Enya Labs: gian@enya.ai
This article was originally published on Chainwire