The Arbitrum Foundation has announced the launch of its inaugural grant program, marking a significant step toward fulfilling its mission to foster ecosystem growth. The Foundation’s grant program is designed to align with partner projects and educational initiatives, both online and in person, as set forth in the Foundation’s bylaws.
The Foundation Scholarships, are run by the Arbitrum Foundation in support of the Arbitrum DAO. It is important to note that this program is not intended to replace any DAO powered grant program. Instead, it is designed to meet the requirements set out in the Foundation’s mission statement, focusing on achieving specific goals and areas of opportunity identified by the Foundation.
Foundation Grants primarily focuses on ecosystem growth, issuing grants toward areas where further development could generate greater returns for the Arbitrum ecosystem. All grants issued through this program are intended to improve adoption, create stronger technical structures, and build sustainable communities. These grants will be based on milestones and KPIs, established in collaboration with each applicant.
The Foundation Grant program will operate in different phases, each designed to attract applications from specific areas within the Arbitrum ecosystem. The initial phase emphasizes decentralized applications and infrastructure for Arbitrum Nova and Arbitrum One. Projects that do not meet the criteria for the current phase are encouraged to submit a proposal to ArbitrumDAO or revisit the page later when new phases are announced.
Applications selected to receive a Foundation grant will have the opportunity to be exhibited. The Foundation plans to include the main activities of this program under the transparency report as indicated in AIP 1.1. The Foundation Grants Program is an ongoing initiative, with a grant acceptance window that allows projects with grant applications to submit them as needed. Phases do not have defined “end dates”, but can be expected to last approximately three months or until the Arbitrum Foundation believes that the objectives of that phase have been achieved.
The Arbitrum Foundation is determined to support projects within the Arbitrum ecosystem through the Foundation’s Grant Program. By working together, they aim to foster growth, drive adoption and build a thriving community, contributing to and shaping the future of the Arbitrum ecosystem.
Foundation-initiated grant programs are a prevailing strategy aimed at amplifying ecosystem influence and enhancing brand visibility. On July 18, 2023, the XRP Ledger Foundation announced the recipients of its fifth XRPL grant cycle. The Foundation has committed more than $1.6 million in total funding to 15 innovative projects, demonstrating its continued commitment to fostering innovative breakthroughs within its ecosystem.
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