Ronin Network Drops $10 Million to Lure Developers

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Ronin Network, which operates like the Ethereum Virtual Machine (EVM), recently made a significant stride to enhance its blockchain community. Today, they announced a $10 million grant program aimed at developers and cryptocurrency projects. This move is expected to significantly bolster the Ronin ecosystem and attract new skillsets.

Ronin Ecosystem Grants to Support Innovation and Growth

The Ronin Ecosystem Grants initiative is designed to inspire originality and inventiveness within the developer community. This program consists of two types of grants: Builder Grants and Waypoint Gas Grants.

Builders have the opportunity to apply for funding of up to $300,000 in Ronin tokens (RON) for their projects. There are also smaller grants known as ‘waypoints’, which focus on enhancing user interactions and can provide up to $20,000. It is worth noting that these smaller waypoint gas grants are intended to improve the user experience by covering gas fees.

This funding encompasses everything from coding, evaluations, and deployment expenses. In other words, Ronin aims to assist developers throughout their entire development process. Importantly, developers are eligible for funding upon reaching set milestones in their projects.

These milestones are in line with Ronin’s ambition to establish a vibrant, interwoven network of blockchain platforms.

The primary goal of this grant scheme is to address practical problems faced in the real world. Ronin is seeking proposals that effectively handle challenges like enhancing user interaction, facilitating new user integration, and boosting on-chain engagement.

The blockchain initiative isn’t solely focused on finding technical resolutions. Instead, it encourages developers to build tools that simplify the use of blockchain technology for regular users. Ultimately, the goal is to convert Ronin into a vibrant platform hosting games, decentralized applications (dApps), and DeFi protocols.

The latest Ronin Bounties project invites users to interact more actively by providing incentives directly within their Ronin wallet. By doing so, it links gaming and decentralized finance (DeFi). This scheme is an integral part of Ronin’s objective to draw in developers who can innovate the possibilities of blockchain technology.

Additional Perks for Approved Projects

Apart from financial benefits, Ronin is also providing a variety of incentives to make the proposition more appealing. Projects that are approved will receive enhanced exposure through Ronin’s platform, encompassing its wallet, grants for ecosystem development, and official website. Developers can engage with other teams, investors, and advisors by joining the Ronin Builders Discord community.

This opportunity allows them to exhibit their projects to the ideal viewers. Moreover, accomplished developers can secure reduced prices for crucial infrastructures and tools, thereby enhancing their speed and efficiency.

The grant program’s application procedure has been intentionally made simple and clear, ensuring fairness and openness. There’s no need for urgency as applications are always accepted without a specific deadline. It may take up to four weeks for the review process, providing Ronin sufficient time to assess each project’s potential thoroughly.

When submitting applications for various grant types, it’s essential to submit individual applications for each specific program. By participating in these initiatives, Ronin aims to establish itself as a significant contributor within the blockchain industry.

Multiple blockchain platforms such as the Ethereum Foundation, Ethernity Chain, and Solana Foundation have introduced comparable grant schemes. These initiatives are designed to encourage developers, promote creativity, and expand their respective communities.

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2025-01-16 17:25