{"id":24627,"date":"2022-04-21T10:50:20","date_gmt":"2022-04-21T14:50:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24627"},"modified":"2022-04-21T11:02:09","modified_gmt":"2022-04-21T15:02:09","slug":"kadena-launches-100m-web3-grant-program","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kadena-launches-100m-web3-grant-program\/","title":{"rendered":"Proof-of-work (PoW) blockchain Kadena launches $100M Web3 grant program"},"content":{"rendered":"\n
Kadena, a proof-of-work (PoW) blockchain<\/a>, has announced a $100 million incentive program to stimulate Web3 development on its platform, and also expand the layer-one protocol's use cases.<\/h5>\n\n\n\n
\"Proof-of-work
Proof-of-work (PoW) blockchain Kadena launches $100M Web3 grant program<\/figcaption><\/figure><\/div>\n\n\n\n

The award program is part of Kadena Eco, a project aimed at expanding the Kadena ecosystem by fostering gaming, metaverse, nonfungible token (NFT), decentralized finance (DeFi), and Web3 initiatives.<\/p>\n\n\n\n

Kadena's creator and CEO, Stuart Popejoy, claimed his company will use “treasury resources” to ensure the protocol's long-term viability.<\/p>\n\n\n\n

Venture capitalists have been paying close attention to Web3, which has become a sort of catch-all word for the next generation of the blockchain-powered internet.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Cointelegraph recently reported on the creation of two Web3 developer funds, valued at $100 million and $135 million, respectively, from crypto exchanges KuCoin and CoinDCX.<\/p>\n\n\n\n

Meanwhile, decentralized node providers are stepping forward to provide the infrastructure required to improve Web3 capabilities. Legacy Web2 providers, such as Amazon Web Services<\/a>, Azure, and Infura, have emerged as early infrastructure participants in the Web3 economy, but the competition is fierce.<\/p>\n\n\n\n

Kadena's platform supports Web3 development with scalable architecture and smart contracts backed by Chainweb, a PoW consensus method. Chainweb is touted to offer high transaction throughput without the need for layer-two scaling solutions in theory.<\/p>\n\n\n\n

KDA, Kadena's native cryptocurrency, is now rated in the top 100 on CoinMarketCap, with a market valuation of $925 million. Following the launch of a new interoperability standard and a Binance<\/a> listing, KDA rose substantially earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kadena, a proof-of-work (PoW) blockchain, has announced a $100 million incentive program to stimulate Web3 development on its platform, and also expand the layer-one protocol’s use cases. The award program is part of Kadena Eco, a project aimed at expanding the Kadena ecosystem by fostering gaming, metaverse, nonfungible token (NFT), decentralized finance (DeFi), and Web3 […]<\/p>\n","protected":false},"author":12,"featured_media":24632,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[9310,9311,6795],"class_list":["post-24627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-kadena","tag-pow","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-150.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24627","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24627"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24632"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}