Boba Network and Thrive Protocol Launch Thrive Boba Ecosystem Grants to Support Web3 Innovation

4 weeks ago 3

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San Franciso, united states, October 17th, 2024, Chainwire

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide 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 Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link 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 Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.