Darius Baruo
Nov 04, 2024 19:30
Discover how Tezos Foundation’s grants are propelling Web3 innovation in gaming, DeFi, and arts. Explore projects like Taquito, Signatory, and Sugar Gaming leading the charge.
The Tezos blockchain continues to make significant strides in the Web3 landscape, with its latest round of grants supporting a diverse array of projects. According to Tezos, the foundation is committed to advancing technology in areas such as gaming, decentralized finance (DeFi), and the arts through strategic funding initiatives.
Tezos Taquito
Leading the charge in this grant cycle is ECAD Labs with its Taquito project, a prominent Web3 library within the Tezos ecosystem. Taquito is pivotal for dApp development, enhancing the functionality of wallets and backend systems. The library simplifies interactions with the Tezos blockchain, providing developers with a robust framework to create efficient and secure applications.
Signatory
Another recipient, Signatory, has been recognized for its crucial role in Tezos operations. This tool is essential for safeguarding private keys and automating operations, trusted by bakers, dApp teams, exchanges, and oracle operators. Signatory offers flexible storage solutions, enhancing security protocols for critical blockchain operations.
Sugar Gaming
Sugar Gaming, a leader in the gaming industry with a user base of 60 million, is also among the grant beneficiaries. The company is pioneering the play-to-earn model by integrating immersive gaming with financial rewards. Leveraging the infrastructure of Etherlink, Sugar Gaming aims to deliver faster transactions and cost-effective user experiences, starting with its Sugar Match game.
The Tezos Foundation’s grant program is instrumental in fostering innovation and supporting groundbreaking projects within the blockchain space. As these projects continue to develop, they promise to elevate the capabilities and reach of the Tezos network, ensuring it remains at the forefront of Web3 advancements.
Image source: Shutterstock
