On November 23, scalable blockchain network Casper declared the launch of its new Casper Accelerate Grant Program, which will support developers and innovators who are creating apps to support infrastructure, end-user applications, and innovative research thinking on its blockchain.
The Casper Network is a Proof-of-Stake (PoS) enterprise-focused blockchain designed to assist businesses in developing private or permissioned apps to accelerate business and blockchain technology adoption.
The network also claims to have solved the scalability trilemma, which revolves around security, decentralization, and high throughput. It also has upgradeable smart contracts, lower gas fees than other Layer 1 blockchains, and developer-friendly features to allow the protocol to evolve as businesses expand their use.
In addition to the launch of its grant program, Casper announced the creation of a new digital portal to provide practical tools and code to network developers and innovators as they build their products. The developer portal is expected to be operational in the first quarter of 2023.
Despite the market being in a downturn, projects are raising and investing money to expand the web3 ecosystem and the adoption of blockchain technology. On November 23, Reports emerged that Onomy, a Cosmos blockchain-based ecosystem, had raised millions of dollars in funding to develop its new protocol. This project aims to combine decentralized finance (DeFi) and the foreign exchange market.
Celestia Foundation also announced on Oct. 18 that it had raised $55 million in funding for the development of a modular blockchain architecture with the goal of addressing the challenges inherent in deploying and scaling blockchains. The company stated that it aims to build infrastructure that will allow anyone with technical knowledge to deploy their own blockchain at a low cost easily.
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