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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Federal Judge Rules Justin Sun's Case Against World Liberty Financial to Remain in Open Court

chest

A federal judge in San Francisco ruled that Justin Sun's legal battle with World Liberty Financial over $45 million in frozen tokens will remain in open court, rejecting the company's bid for arbitration.

user avatarKaterina Papadopoulou

New Report Published Utilizing Primary Source Documentation.

chest

The report is based on information released in disclosures at primary source documentation, ensuring that the information provided is accurate and reliable.

user avatarMaya Lundqvist

US Spot Bitcoin ETFs Experience Record Inflows

chest

US spot Bitcoin ETFs saw a significant inflow of $60.6 billion on Thursday, marking their largest single-day gain since May 1.

user avatarLeo van der Veen

New Study Emphasizes the Significance of Primary Source Documentation.

chest

The report highlights the importance of primary source documentation for providing accurate and reliable information.

user avatarLi Weicheng

Cumulative Inflows into US Spot Solana ETFs Reach $116 Billion

chest

Cumulative inflows into US spot Solana ETFs have surpassed $116 billion, indicating growing institutional interest in the token.

user avatarTenzin Dorje

Binance to Remove Seven Spot Trading Pairs on August 21

chest

Binance has announced the removal of seven spot trading pairs on August 21 at 0300 UTC, including SUIBNB and LTCBNB, as part of its market optimization process.

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.