BitDAO Develops Mantle EcoFund to Promote Adoption of Mantle Network
On February 27th, Mantle Core, the second-tier network of Ethereum developed by BitDAO ecosystem, submitted a proposal at the governance forum of BitDAO on Feb…
On February 27th, Mantle Core, the second-tier network of Ethereum developed by BitDAO ecosystem, submitted a proposal at the governance forum of BitDAO on February 26th to establish a $200 million Web3 ecological fund, Mantle EcoFund, aimed at promoting the adoption of Mantle network by developers and Dapps.
The new proposal of BitDAO’s L2 network Mantle proposes to establish a $200 million Web3 ecological fund
Analysis based on this information:
BitDAO, the decentralized autonomous organization (DAO) dedicated to supporting the growth of the decentralized technology ecosystem, has announced its plan to establish a $200 million Web3 ecological fund, named Mantle EcoFund. This proposal was submitted by Mantle Core, the second-tier network of Ethereum developed by BitDAO, during the governance forum of BitDAO held on February 26th. The aim of establishing the Mantle EcoFund is to accelerate the adoption of Mantle network by developers and decentralized applications (Dapps).
Mantle Core is focused on enhancing the reliability, scalability, and interoperability of Ethereum. It is part of the BitDAO ecosystem, which aims to support projects that are using decentralized technology to change industries and society. The Mantle EcoFund is a strategic step towards achieving this objective, as it will provide the necessary resources to drive adoption of Mantle Core and further develop the Web3 ecosystem.
The Web3 ecosystem is the future of the internet, characterized by decentralized applications that provide greater security, privacy, and accessibility compared to traditional web applications. However, the adoption rate of Web3 technology is currently low, mainly due to the lack of resources and incentives for developers to build on decentralized networks like Mantle Core. The Mantle EcoFund will bridge this gap, providing developers with financial resources, technical assistance, and incubation services to help them build Dapps that are scalable and interoperable with other Web3 applications.
Moreover, the Mantle EcoFund is open to developers, venture capital firms, and ecosystem partners who can contribute to the growth of Mantle Core and the Web3 ecosystem. They can propose projects that align with the objectives of the Mantle EcoFund, and if their proposals are approved, they will receive funding, mentorship, and other resources to develop their projects. In this way, the Mantle EcoFund aims to create a collaborative and inclusive environment that will foster innovation and growth in the Web3 ecosystem.
In conclusion, the Mantle EcoFund is a significant step towards the adoption of Mantle Core and the growth of the Web3 ecosystem. With $200 million in funding, the Mantle EcoFund can provide the necessary resources to developers and Dapps to drive adoption and innovation in the decentralized technology space. As a result, more and more people will have access to secure, private, and accessible decentralized applications that will change the way we interact with the internet.
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