$100M Grant Program for Web3 Builders Launched by Blockchain Firm Kadena

Announcements, Blockchain, Innovation, Investing, News | April 25, 2022 By:

Layer 1 Proof-of-Work (PoW) protocol Kadena has launched a $100 million grant program to bolster the growth and adoption of world-changing blockchain technology.

The grant program is part of Kadena Eco, an innovation network fueling mainstream adoption of Web3, DeFi and NFTs. Led by CEO Francesco Melpignano, a seasoned blockchain engineer, entrepreneur and technologist, Kadena Eco will accelerate the growth of blockchain technology by providing builders with a unique, scalable architecture and safe smart contracts. Kadena Eco has also appointed Decasonic Founder and CEO, Paul Hsu, to serve as Chief Investment and Innovation Officer, leading investment initiatives that promote the acceleration of innovation. Their goal is to deploy capital, technical and strategic support to empower builders to develop cutting-edge projects on Kadena’s platform.

“Kadena combines the functionality of blockchain tech with the accessibility of the internet we all know and use every day, making it the perfect platform for builders to create their projects,” said Melpignano. “We work with developers and builders to launch their projects and back them up with the support they need to launch into the future. We have the resources and the infrastructure to create a multi-generational, sustainable ecosystem – there’s no better time than now for builders to get on board.”

According to the company, the grant program will help to support founders and entrepreneurs alongside Kadena Eco’s other strategic components:

  • Research & Development to architect the Kadena infrastructure required to transform complex technical concepts into real-world practical applications
  • An incubator for hands-on technical development to advance builder skills and ideas
  • An accelerator for early capital and guidance to empower startups from launch to scale
  • venture fund offering smart capital and strategic growth and operational expertise to propel companies using or pivoting to Kadena’s blockchain platform to realize their vision

“The future is blockchain,” said Stuart Popejoy, Founder and CEO of Kadena. “We’re empowering builders to pioneer new projects that transform the world, and we’re doubling down on our promise to make that happen by actively and responsibly deploying our treasury resources to ensure long-term sustainability of our ecosystem.”