{"id":23792,"date":"2022-04-12T06:11:22","date_gmt":"2022-04-12T10:11:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23792"},"modified":"2022-04-12T06:11:31","modified_gmt":"2022-04-12T10:11:31","slug":"iost-foundation-commences-100m-for-developers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/iost-foundation-commences-100m-for-developers\/","title":{"rendered":"IOST Foundation Commences $100M Fund for EVM Developers"},"content":{"rendered":"\n
The IOST Foundation is offering a $100 million incentive fund to attract Ethereum Virtual Machine (EVM)<\/a> developers to its ecosystem.<\/h5>\n\n\n\n
\"IOST
IOST Foundation Commences $100M Fund for EVM Developers<\/figcaption><\/figure><\/div>\n\n\n\n

The $100 million will be split between two funds: the New Ecosystem Fund, which will be used to build IOST's apps and mainnet infrastructure, and the Accelerator Fund, which will provide funding and incentive bonuses to development teams.<\/p>\n\n\n\n

The Ethereum Virtual Machine (EVM) is a software framework that allows developers to create decentralized apps on the Ethereum network. Through participating Ethereum nodes, they can be accessed from anywhere in the world.<\/p>\n\n\n\n

This project is being funded by the Foundation's institutional investment partners, with Big Candle Capital (BCC) spearheading the charge. BCC focuses on decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, Web 3, and the metaverse as areas of interest.<\/p>\n\n\n\n

The fund is part of IOST's larger Project Entroverse\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which was announced in late March and intends to “create a fast-developing, interoperable, and interconnected blockchain network,” according to the Foundation.<\/p>\n\n\n\n

IOST stands for “internet of services token” and aims to provide a fast and scalable blockchain with a target of 100,000 transactions per second (TPS). To put things in perspective, Ethereum's TPS is presently 12-15.<\/p>\n","protected":false},"excerpt":{"rendered":"

The IOST Foundation is offering a $100 million incentive fund to attract Ethereum Virtual Machine (EVM) developers to its ecosystem. The $100 million will be split between two funds: the New Ecosystem Fund, which will be used to build IOST’s apps and mainnet infrastructure, and the Accelerator Fund, which will provide funding and incentive bonuses […]<\/p>\n","protected":false},"author":36,"featured_media":23793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,26,23,21],"tags":[8795,1644,8794],"class_list":["post-23792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-cryptocurrencies","category-ethereum-news","category-news","tag-developers-2","tag-evm","tag-iost"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/iost-is-now-available-on-bitpanda-take-part-in-our-iost-giveaway.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23792"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23793"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}