- Avalanche introduces a $40M Retro9000 grant to support developers building layer-1 blockchains on Avalanche network.
- Avalanche9000 upgrade simplifies and lowers the cost for developers creating layer-1 chains on the platform.
- Community votes play a key role in the grant distribution, incentivizing public projects and foundational ecosystem building.
The Avalanche Foundation has introduced a new $40 million grant program, Retro9000, to incentivize developers building layer-1 blockchains on the Avalanche network. This initiative supports the recent Avalanche9000 upgrade, which streamlines blockchain development and reduces costs for developers.
Layer-1 Blockchain Focus
The Retro9000 grant program aims to reward developers working on layer-1 chains and critical developer tools within the Avalanche9000 testnet. Submissions will be ranked on a public leaderboard, with community votes influencing the grant distribution. The program encourages transparency, urging developers to build in public and earn community support.
The Avalanche Foundation’s grant program is part of the broader mission to foster the growth of its blockchain ecosystem. According to Luigi D’Onorio DeMeo, COO of Ava Labs, the Avalanche9000 upgrade reflects years of development and the Retro9000 grant seeks to incentivize early-stage developers to bring their products to the network.
Community-Driven Development
The Avalanche Foundation emphasized the role of community engagement in the program. While the foundation holds final discretion on grant rewards, the voting system provides the community with an influential role in signaling support for projects.
This $40 million program marks the beginning of many efforts aimed at driving the success of the Avalanche9000 upgrade and growing the Avalanche ecosystem.
