CHICAGO, IL — April 21, 2022 — Kadena, the only Layer 1 Proof-of-Work (PoW) protocol to solve the Blockchain Trilemma of scalability, security, and decentralization, today formally unveils a $100 million grant program to bolster the growth and adoption of world-changing blockchain technology. The grant program is part of Kadena Eco, a strategic initiative that brings together top industry thinkers, tech talent and funding to fuel Kadena’s ecosystem growth through the development and expansion of gaming, metaverse, NFT, Web3, DeFi and DAO projects.
“The future is blockchain,” said Stuart Popejoy, Founder and CEO of Kadena. “We’re empowering builders to pioneer new projects that transform the world, and we’re doubling down on our promise to make that happen by actively and responsibly deploying our treasury resources to ensure long-term sustainability of our ecosystem.”
Led by CEO Francesco Melpignano, a seasoned blockchain engineer, entrepreneur and technologist, Kadena Eco will accelerate the growth of blockchain technology by providing builders with a unique, scalable architecture and safe smart contracts. Kadena Eco has also appointed Decasonic Founder and CEO, Paul Hsu, to serve as Chief Investment and Innovation Officer, leading investment initiatives that promote the acceleration of innovation. Their goal is to deploy capital, technical and strategic support to empower builders to develop cutting-edge projects on Kadena’s platform.
“Kadena combines the functionality of blockchain tech with the accessibility of the internet we all know and use every day, making it the perfect platform for builders to create their projects,” said Francesco Melpignano. “We work with developers and builders to launch their projects and back them up with the support they need to launch into the future. We have the resources and the infrastructure to create a multi-generational, sustainable ecosystem – there’s no better time than now for builders to get on board.”
Kadena’s $100 million grant program is part of a larger ecosystem initiative that will help to support founders and entrepreneurs alongside Kadena Eco’s other strategic components:
Research & Development to architect the Kadena infrastructure required to transform complex technical concepts into real-world practical applications
An incubator for hands-on technical development to advance builder skills and ideas
An accelerator for early capital and guidance to empower startups from launch to scale
A venture fund offering smart capital and strategic growth and operational expertise to propel companies using or pivoting to Kadena’s blockchain platform to realize their vision
Grant applications are evaluated on technical strength, detail of specifications, team experience, and usefulness to the Kadena ecosystem. All high-quality, open-source projects for gaming, metaverse, NFT, Web3, DeFi and DAO are welcome. Applicants must be willing to adopt Kadena’s “build in the open” philosophy by contributing content, tutorials and product explainers in relevant channels and communities such as Discord, Medium, Stackoverflow and others. In turn, Kadena Eco will commit to engineering mentorship, office hours and community leadership in addition to monetary support.
For more information about Kadena Eco or to apply for a grant, please visit https://kadena.io/eco/.
Kadena believes in the potential of blockchain to revolutionize how the world interacts and transacts. To realize this vision, Kadena has reimagined blockchain technology and its connective ecosystem from the ground up. Our multi-chain architecture and complementary tools are designed to make blockchain work for everyone – at speed, scale, and with energy efficiency previously thought unachievable.
ABOUT KADENA ECO
Kadena Eco is an innovation network fueling mainstream adoption of Web3, DeFi and NFTs. We unite technical founders and entrepreneurs with the world’s top blockchain leaders, venture capitalists and acceleration partners to support startups at every phase of their development journey. By leveraging Kadena’s builder-centric blockchain that delivers Web3 innovation with Web2 usability, Kadena Eco aims to speed the development and adoption of meaningful applications that benefit everyday people, worldwide.
Media contact: Michelle Smyth, firstname.lastname@example.org