- Objectives and Scope of the infraBUIDL() Program
- Funding Structure and Grant Tiers
- 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. This program aims to fortify the Avalanche ecosystem by providing targeted support to developers focusing on building essential infrastructure components.
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 areas targeted include on & offramps, validator marketplaces, virtual machines, wallets, oracles, interoperability tools, cryptography, bridges, blockchain explorers, RPC enhancements, data storage solutions, indexers, and token engineering.
Funding Structure and Grant Tiers
The infraBUIDL() Program will employ a hybrid funding model that includes both direct and milestone-based grants. Direct grants are provided upfront, while additional funding is based on the successful completion of milestones. Grants for small-scale projects are up to $100,000, medium-scale projects range from $100,000 to $250,000, and higher amounts are available for large-scale projects 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, technical expertise, and innovative contributions.
The announcement of the infraBUIDL() Program aligns with significant developments in the Avalanche ecosystem, such as Franklin Templeton's launch of the OnChain U.S. Government Money Fund and the Grayscale Avalanche Trust, as well as the expansion of retail investment options in Hong Kong. These developments highlight the growing interest and importance of the Avalanche platform in the crypto community.
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