1. Objectives and Scope of the infraBUIDL() Program
2. Funding Structure and Grant Tiers
3. Application Process and Recent Developments

The Avalanche Foundation has announced the infraBUIDL() program, aimed at supporting and accelerating the development of tools and infrastructure for Avalanche Layer 1 chains. This program aims to fortify the Avalanche ecosystem by providing targeted support to developers focused on building essential infrastructure components.

Objectives and Scope of the infraBUIDL() Program

The initiative will provide funding to attract top-tier talent and build a robust community of developers.

Funding Structure and Grant Tiers

The infraBUIDL() program employs a hybrid funding model that includes both direct and milestone-based grants. This approach ensures that developers receive essential support while also being incentivized to meet specific project milestones. * Direct Grants: These are awarded upfront to help developers achieve initial project milestones. * Milestone-Based Funding: Additional funds are provided based on the successful completion of the milestones set during the direct grant phase. Funding amounts are determined based on the complexity, strategic importance, and level of innovation of each project. The general structure for grant tiers includes: * Small-Scale Projects: Up to $100,000 * Medium-Scale Projects: $100,000 - $250,000 * Large-Scale Projects: Higher amounts are available upon application and review.

Application Process and Recent Developments

To apply for the infraBUIDL() program, projects must align with the Avalanche ecosystem’s goals and demonstrate how they will enhance the infrastructure landscape. Key criteria include: * Alignment with AF’s Mission: Projects should support the Foundation’s objectives and the needs of Avalanche users and developers. * Technical Expertise: Teams must show their capability to deliver the project successfully within the proposed timeline and budget. * Innovative Contributions: Projects should present innovative solutions that address current or future needs within the Avalanche ecosystem. The timing of the infraBUIDL() program's announcement aligns with several notable developments in the Avalanche ecosystem: * On August 22, 2024, Franklin Templeton introduced its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) on the Avalanche network. * Grayscale Investments launched the Grayscale Avalanche Trust, providing exposure to Avalanche (AVAX). * In Hong Kong, the approval for listing Avalanche and Chainlink coins on Hashkey has broadened retail investment options.

The infraBUIDL() program by the Avalanche Foundation represents a significant step forward in strengthening the infrastructure of the Avalanche ecosystem. Supporting developers and new funding opportunities will significantly improve the quality and security of the platform.