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

Digital Sovereignty Alliance's Paper Wins Recognition at DC Fintech Week 2026

The Digital Sovereignty Alliance's white paper on personal finance literacy in the digital economy has been recognized as one of the top five papers at DC Fintech Week 2026.

user avatarTomas Novak

Developer Releases 56 Billion TikTok Video Metadata on Hugging Face

A developer known as hashfunction has released a dataset containing metadata for about 56 billion public TikTok videos on Hugging Face.

user avatarMaya Lundqvist

Ongoing Legal Battles Over TikTok Data Scraping Practices

The legality of data scraping from TikTok is currently being challenged in court, with Reddit suing Perplexity and three data-scraping firms for allegedly harvesting content for AI training.

user avatarKaterina Papadopoulou

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

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.