Early Adopter Grants (EAG) Committee of Starknet Launches First Round of Token Grants

03/23/2023 10:53 • Metaverse Matters • 121 views

On March 23rd, the Early Adopter Grants (EAG) Committee of Starnet launched the first round of EAG token grants today. The committee is authorized to operate until June 30, 2023, with a budget of 1 million STRK tokens, which will be distributed to the project party through multiple rounds. Currently, the application deadline for the first round of funding activities is April 5, and the decision time for the committee is April 13, 2023. Starknet stated that this round of funding is mainly aimed at applications deployed on Starknet’s main website or one of its test websites before April 5. The Foundation will fund off chain infrastructure that contributes to the ecosystem through other channels (such as building developer tools or Cairo libraries).

Starnet Early Adopter Grants Committee Launches First Round of Token Grants

Starknet, a blockchain and smart contract platform, recently launched the first round of the Early Adopter Grants (EAG) token grants. The EAG Committee, authorized until June 30, 2023, with a budget of 1 million STRK tokens, will distribute the tokens through multiple rounds.

What are Early Adopter Grants?

Early Adopter Grants (EAG) is a program designed to accelerate the development of the Starknet ecosystem by providing grants to suitable projects. These grants are intended to reward developers who are working hard to create innovative decentralized applications (dApps) on the Starknet blockchain.

First Round of Funding

Starknet launched the first round of EAG token grants on March 23, 2023. The committee will distribute the grant through multiple rounds, and currently, the application deadline for the first round of funding activities is April 5. The EAG Committee will make its decision on April 13, 2023, and distribute the grants to the successful applicants.

Who Can Apply for EAG Funding?

The current round of funding is aimed at applications that are already deployed on Starknet’s main website, or one of its test websites before April 5. The Foundation will also fund off-chain infrastructure that contributes to the ecosystem through other channels, such as building developer tools or Cairo libraries.

The Importance of Early Adopter Grants

Early Adopter Grants play a significant role in the development of the ecosystem. They help to promote and incentivize innovation, which is necessary for the growth of the Starknet blockchain. These grants provide an opportunity for developers to test new concepts, improve the design, and ultimately make their dApps more user-friendly.
Moreover, as more developers start to use the Starknet platform to create dApps, it will attract more users, and the ecosystem will grow even more. This growth will generate new opportunities for users, developers, and investors.

Conclusion

The EAG Committee of Starknet has launched the first round of the EAG token grants. The grants are intended to accelerate the development of the ecosystem by incentivizing developers to create innovative decentralized applications on the Starknet blockchain. This is a significant opportunity for developers who are looking to explore the possibilities of the Starknet blockchain.

FAQs

Q: What is the Early Adopter Grants (EAG) program?
A: Early Adopter Grants is a program designed to accelerate the development of the Starknet ecosystem by providing grants to suitable projects.
Q: Who can apply for EAG funding?
A: The current round of funding is aimed at applications that are already deployed on Starknet’s main website or one of its test websites before April 5, and off-chain infrastructure that contributes to the ecosystem through other channels.
Q: What is the importance of Early Adopter Grants?
A: Early Adopter Grants play a significant role in the development of the ecosystem, as they incentivize innovation and promote the growth of the Starknet blockchain.

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