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

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

Valour Introduces AI-Driven Smart Crypto Fund SP

Valour has launched the Smart Crypto Fund SP, featuring an AI-driven allocation engine that dynamically adjusts exposure among major digital assets.

user avatarLucas Weissmann

US Spot Bitcoin ETFs Experience Nearly $1 Billion Inflows

On September 21, US spot Bitcoin ETFs recorded nearly $1 billion in net inflows, marking the largest single-session total of 2026.

user avatarEmily Carter

DeFi Development Corp Expands SOL Treasury with New Purchase

DeFi Development Corp has increased its SOL holdings by 101,381, marking a significant investment in the Solana ecosystem.

user avatarFilippo Romano

Bybit Confirms Support for Avalanche v1150 Upgrade

Bybit has confirmed support for the Avalanche v1150 upgrade, ensuring continued compatibility for AVAX users.

user avatarTomas Novak

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.