Avalanche Launches $40 Million Retro9000 Program for Support
2024-09-30
Bittime - The Avalanche Foundation recently announced the launch of a grant program called "Retro9000" with total funding of $40 million. This initiative aims to encourage developers to create Layer 1 blockchains on the Avalanche network.
The launch of this grant program coincides with an upcoming major upgrade, “Avalanche9000,” which is believed to have a significant impact on the Avalanche ecosystem.
Support for Layer 1 Blockchain Development
The Retro9000 grant program is designed to simplify and reduce the costs of building Layer 1 blockchains for developers.
With a focus on developing the necessary tools and infrastructure, the Avalanche Foundation is committed to supporting all activities related to the creation of the L1 chain and the development of basic tools on the Avalanche9000 testnet.
In its statement, the foundation explained that all applications for the grant program will be assessed on a public leaderboard. This is where the voice of the community will influence the size of the grant that will be awarded retroactively.
Developers and users are required to register an account on Retro9000, where their activity and network usage will contribute to the number of votes they receive. The system aims to increase community engagement and encourage collaboration between developers and users.
Avalanche9000 Update: Network Evolution
The Avalanche9000 update is expected to be the biggest upgrade to the platform since its mainnet launch in 2020.
This update will not only make it easier to launch Avalanche-based L1 blockchains, but also promises a more efficient process in terms of costs, customization, and maintenance.
This way, developers can focus more on innovation without being hampered by existing technical complexity.
The Avalanche Foundation hopes that with the Retro9000 program, a rich development environment can be created, which in turn will foster innovation and ensure the Avalanche ecosystem remains strong.
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Preparations for this important infrastructure update demonstrate Avalanche's commitment to creating an ecosystem that supports the development of blockchain technology.
With this move, Avalanche not only demonstrates its ambition to expand the reach of blockchain, but also builds an active and contributing developer community.
This initiative is expected to inspire more innovation and collaboration in the future, ensuring that Avalanche remains a major player in the blockchain industry.
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