Cronos Announces Third Wave Of Ecosystem Grants

The grants will provide the protocols with tons of support to aid their development in the Cronos ecosystem.

By
Ahamdi Abarikwu
on
May 8, 2022
Category:
DeFi

Recipients of Third Cronos Grants Emerge

The Cronos Team has commenced the third round of its Cronos Ecosystem Grants. The team recently unveiled 4 Cronos protocols - D.G.Pals, Defira, Argo Finance, and Eat The Blocks as the recipients of the third batch of the grants.

Cronos announced the latest grant recipients through a tweet on May 4. Cronos set up the grants program in December 2021 in partnership with Particle B (now CronosLabs) to provide early-stage projects with monetary, technical, marketing, etc., support that would aid their development.

"We are excited to announce the third batch of Cronos Ecosystem Grant recipients and new infrastructure partners that have onboarded onto #Cronos!" Cronos tweeted to announce the latest grants. 
Source

A Look At The Winning Projects

According to a Medium post by Jay Lin Jiele - a member of the Strategy and Partnerships team at Cronos Labs, 80 projects applied for the third batch of grants, out of which 4 projects passed the selection process. To sift out the winning projects from the rest, the selection team mainly considered the quality of each project's innovation - particularly the projects building in parts of the Cronos ecosystem that do not yet have adequate functionality. The winners are:

  • Defira: A metaverse that blends DeFi and GameFi, Defira won in the Gaming/DeFi category. Defira is community-driven and offers multi-chain gameplay. 
  • Argo Finance: Argo Finance - a Cronos liquid staking protocol - emerged in the DeFi category. The protocol enables users to stake their CRO coins without any lockup period. Users who stake CRO will receive a liquid stake CRO (bCRO), which can earn additional rewards on other Cronos DeFi applications. 
  • D.G.Pals: D.G.Pals grant came under the Web 3.0 Gaming / NFT category. The protocol is a multi-genre Play-to-Earn NFT gaming metaverse where gamers collect virtual pets, nurture them, and guide them through various immersive game modes. 
  • EatTheBlocks: EatTheBlocks earned its grant under the Community & Education category. The protocol is the foremost Web3 development online coding school on Cronos and offers courses for all levels of Web3 development, from beginner to advanced.
Source

In addition to the grants, Cronos also announced a new set of partners for the Cronos Ecosystem. These partners provide critical blockchain infrastructure and services that developers building on Cronos Chain can leverage. The new ecosystem partners are Moralis, Protofire, Chainalysis, Blockdaemon, Covalent, Witnet, RockX, and Gelato Network.

The grant is an ongoing initiative to help ensure that promising projects have the best resources to evolve into fully sustainable projects while helping to mature the overall Cronos Ecosystem. Cronos-based protocols can find out how to apply for the grant HERE.

What is Cronos?

Cronos is an Ethereum compatible layer-1 blockchain network built on the Cosmos SDK technology. The network was designed to scale the decentralized finance (DeFi) and user base of the decentralized application (dApps) by enabling developers to instantly port dApps and assets from other layer-1 blockchain networks like Ethereum, Solana, BNB Chain, and Terra. Since the mainnet went live in November 2021, the network has over 200 partners and 450k plus Web3 users in less than five months.

Where to find Cronos:

Website | Documentation | Twitter | Telegram | Discord | Github 

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time. He hold bags mostly in BabyDoge, CSM (Crust Storage Network), and JulD.

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