Web3 Foundation Launches Major Futures Fund

Web3 Foundation Launches Major Futures Fund

Web3 Foundation is launching its decentralized Futures Program for the Polkadot ecosystem, backed by a $45 million fund.

The Deets

  • Program aims to empower teams and individuals in the Polkadot community
  • Backed by $20 million and 5 million $DOT, equivalent to more than $45 million.
  • Open applications for projects contributing to Polkadot's growth
  • Successor to the Web3 Foundation's Grant program

The Bulk

Web3 Foundation, known for its role in the Polkadot blockchain protocol, announced the opening of applications for its decentralized Futures Program. This initiative is set to kickstart and fund ambitious web3 projects within the Polkadot ecosystem. 

This program builds on the success of the Web3 Foundation’s Grant program, which has processed 1,000 payments in grants as of September 20, 2023. The decentralized Futures Program is part of the Foundation’s mission to empower community-driven development and decentralized governance within the Polkadot ecosystem.

Projects eligible for funding span various domains, including developer experience, marketing, community events, ecosystem development, and infrastructure. 

๐ŸŽค Founder Feedback

The Foundation believes its strongest asset is the community itself. The decentralized Futures Program doubles down on this belief, allocating sizeable investments and grants that can accelerate the growth of decentralized technologies.Fabian Gompf, CEO of Web3 Foundation

๐Ÿ”œ What's Next?

Teams and individuals interested in the decentralized Futures Program can learn more and apply at futures.web3.foundation. The program encourages community members to lead and innovate within the Polkadot ecosystem.

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