Aleph Zero, the nonprofit organization responsible for the development of a layer-1 privacy-enhancing blockchain, has recently launched a USD 50 million funding program called the Aleph Zero Ecosystem Funding Program.
The goal of this program is to provide financial support to developer teams that are building on the Aleph Zero platform and to promote the adoption of blockchain technology worldwide. The program will offer grants, incubation, and acceleration to teams at all stages of product development, with successful applicants receiving up to USD 500,000 per project in grant funding. In addition, grant recipients will have exclusive access to Aleph Zero’s venture capital pool, infrastructure credits from Amazon Web Services, and security design consultations from Kudelski Security.
Aleph Zero hopes to attract talented developers by providing them with a comprehensive range of support, which includes assisting with business feasibility, regulatory compliance, and community building. With this initiative, Aleph Zero aims to take a fresh approach to supporting builders and to encourage the expansion of blockchain technology beyond just providing grants.
Aleph Zero aims to attract developers by providing a wide range of comprehensive support services, including assistance with business feasibility, regulatory compliance, and community-building. Additionally, their partner network will offer marketing, branding, UX, product design, and operational support as needed.
The program’s pilot phase has already resulted in the launch of various projects, such as Abax, a decentralized lending and borrowing protocol, ArtZero, an NFT marketplace, AZERO Domains, a domain name service, DRKVRS, a unique dark metaverse experience, Gatenox, an enterprise-grade decentralized identity platform, and Interlock, a decentralized security platform.
The Aleph Zero Ecosystem Funding Program has received the support of long-term contributors to the project, including NxGen, Diamond Atlas Capital, BlackDragon, Necker Ventures, Hodl.nl and Hodl Ventures, Pragma Ventures, RR2 Capital, Cardinal Cryptography and Cardinal Ventures, Bellwether Rocks, and Offbeat. Through this program, Aleph Zero aims to introduce a new approach to how layer-1s can support builders, moving beyond the conventional practice of merely providing grants and extending a broad range of support services to developers.
