Avalanche Initiates $40 Million Retro9000 Grant Program

user avatar

by Giorgi Kostiuk

2 years ago

The Avalanche Foundation has announced the launch of the $40 million Retro9000 grant program. This initiative aims to incentivize developers to create new protocols within the blockchain ecosystem.

Launch of the Retro9000 Grant Program

The Avalanche Foundation is initiating the $40 million Retro9000 grant program aimed at rewarding developers who create new protocols in the blockchain ecosystem. The grants will be awarded to developers who deploy their projects to the mainnet and undergo user voting during an extended testnet phase.

Goals of the Avalanche9000 Upgrade

The Avalanche9000 upgrade is expected to be the largest update since the mainnet launch in 2020. This upgrade promises to make launching tier 1 applications on Avalanche cheaper, easier to customize, and smoother to maintain. According to Ava Labs Chief Operating Officer Luigi D'Onorio DeMeo, the exact date for the upgrade has not been set, but the testnet is slated for launch in October.

Current Status of Avalanche (AVAX)

The cryptocurrency Avalanche (AVAX) reached a high of $60 in March but has since fallen by more than 50%, currently trading at $28.3.

The launch of the Retro9000 grant program and the upcoming Avalanche9000 upgrade highlight the Avalanche Foundation's commitment to growth and innovation within its blockchain ecosystem. These initiatives are expected to attract new developers and enhance the overall user experience.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ambire Launches Ice Hardware Wallet to Improve Safe Transaction Security

Ambire has launched its Ice hardware wallet, designed to decode Safe transactions and alert users to changes in account control.

user avatarGustavo Mendoza

Bitcoin Core 321 Release Introduces Key Network and Privacy Changes

The Bitcoin Core 321 release brings significant updates to network management, privacy features, and interface adjustments, while earlier versions 312 and 304 focus on maintenance.

user avatarRajesh Kumar

Mercado Bitcoin and Sui Integrate SUI and Stablecoins for Enhanced Financial Services

Mercado Bitcoin and Sui have announced a significant integration that will allow users to access SUI, USDC, and USDsui, facilitating purchases, sales, and transfers.

user avatarMiguel Rodriguez

Polymarket Reports on October 29 Security Incident

Polymarket reports on a security breach that occurred on October 29, 2023, involving a compromised monitoring script, leading to $39 million in refunds.

user avatarLuis Flores

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.