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The Avalanche Foundation Unveils the infraBUIDL() Program

Sep 11, 2024
  1. Objectives and Scope of the infraBUIDL() Program
  2. Funding Structure and Grant Tiers
  3. Application Process

The Avalanche Foundation unveiled the infraBUIDL() Program, designed to support and accelerate the development of tooling and infrastructure for Avalanche Layer 1 chains.

Objectives and Scope of the infraBUIDL() Program

The initiative will provide funding to attract top-tier talent and build a robust community of developers. Key focus areas include tools for seamless user entry and exit points, platforms to support and optimize validator operations, enhancements to support custom blockchain functionalities, development of secure and user-friendly wallet solutions, systems for integrating external data into the blockchain, solutions to enable communication between different blockchains, advances in securing blockchain transactions and data, mechanisms for transferring assets across different blockchain networks, tools for monitoring and analyzing blockchain activity, enhancements for interacting with the blockchain network, solutions for efficient and secure data management, tools to organize and retrieve blockchain data efficiently, and innovations related to the creation and management of digital tokens.

Funding Structure and Grant Tiers

The infraBUIDL() Program will employ 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 are awarded upfront to help developers achieve initial project milestones. 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), and large-scale projects for which higher amounts are available upon application and review.

Application Process

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 the Foundation’s mission, the team’s technical expertise, and innovative contributions that address current or future needs within the ecosystem.

The announcement of the infraBUIDL() Program aligns with several notable developments in the Avalanche ecosystem, including the launch of Franklin Templeton's FOBXX on the Benji Investments platform, the creation of the Grayscale Avalanche Trust, and the expansion of retail investments in Hong Kong, highlighting the growing prominence of the Avalanche platform in the crypto space.

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