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Elastos Launches Grant Program to Accelerate Deployment of “Smart Bitcoin” Applications
Today Elastos, a pioneer in blockchain technology announced the launch of its Destiny Calls Program. Elastos is the creator of BeL2, the first Bitcoin Layer 2 applying zero-knowledge technology to enable the direct development and management of ‘Bitcoin-native’ smart contracts.
The new program is now welcoming applications from the digital entertainment, gaming and leisure sector utilizing Elastos’ decentralized infrastructure including BeL2 to deliver Bitcoin- denominated services and experiences. The initial cohort of 6 to 8 projects will be backed by up to 100,000 ELA in funding, equivalent to approximately $378,000 USD to kick start a new and non-invasive approach to Layer 2 solutions. The program is a key part of Elastos’ ongoing mission to accelerate the development of the user-controlled SmartWeb.
“With the recent launch of Elastos’ BeL2, innovators and entrepreneurs now have access to the functionality of layer 2 blockchains backed by the unparalleled security of Bitcoin,” said Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos. “Bitcoin Layer 2 promises to unlock various applications that will underpin the SmartWeb and has fundamentally addressed some of the capacity and functionality restrictions that have hindered the mainstream adoption of the Bitcoin ecosystem. Destiny Calls will provide crucial initial funding for teams exploring the potential of BeL2 and Elastos’ other SmartWeb infrastructure, and will accelerate the transformation of the internet into a user-driven and interactive ecosystem.”
Projects will be selected by the Destiny Calls board and reviewed with support by QuestBook, the on-chain grant funding review and administration platform. The initial cohort will be focused on three sectors: digital entertainment, gaming and leisure. In addition to funding, as part of the program Elastos will provide marketing and technical support, along with mentorships to support grantees in reaching their program milestones. Interested applicants are encouraged to visit the Destiny Calls page here.
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