- The association says that this is the first series of grants, with more to follow.
The specific amount for each grant will vary and the maximum amount will be 100,000 WAVES.
With this program, the Waves Association wants to solve specific problems related to block chains.
As a non-profit organization dedicated to the mass adoption of Web 3.0, the Waves Association has invited developers to apply for the first series of grants under the Waves Grant program. The organization extended this invitation through a blog post on December 1. It is reported that the program will allow developers to propose solutions that can be integrated into the Waves ecosystem and apply for a total of 250,000 WAVES.
According to the blog post, the association will award grants in the Web 3.0 Development Grant category to encourage developers to create products based on the Waves protocol. In this way, the non-profit association hopes to address specific problems and encourage the mass adoption of block chain-based solutions, with a focus on inter-chain communication.
The publication further stated that the Waves Association will accept grant applications from December 1 to February 1. The Association promised to process all applications expeditiously, adding that if its members felt an application was valuable, it would award a grant to the developer behind it before the application deadline. It is said that the non-profit organization will determine the specific amount of each grant on a case-by-case basis, with the maximum amount of a grant being 100,000 WAVES.
Further calls for applications are still pending
For the organization this is only the first group of grants. Therefore there will be further calls for applications in the same category at a later date. With the next grant lots, the association intends to distribute grants totaling 1 million WAVES between 2020 and 2021. All grant decisions are made through DAO, a community-driven tool that allows Waves Association members to announce grants and select eligible recipients.
The Waves Association also noted that it encourages developers to propose solutions in the Web 3.0 development grant category. While the program encourages developers to create solutions for specific use cases, it also welcomes ideas that address other aspects of block chain technology. To check how their applications have turned out, developers must visit the Waves Association website.
This news comes after the Waves Association launched the Waves Grant Program in October of this year, which is aimed at individuals, block chain developers, teams and startups who can implement ideas that serve the interests of the Waves ecosystem.
In launching the program, Sasha Ivanov, president of the Waves Association, subtly criticized some of the interoperability solutions on the market, he said,
“The Waves Association aims to support independent developers working on interoperability solutions – especially those who think outside the box. Solving interoperability by adding a dedicated block chain and a native token as an additional layer would only add complexity and undermine the potential of the proposed solution.