2022-2-18 09:15 |
The Algorand Foundation today announced a $10,000,000 USD SupaGrant to be rewarded among teams that will explore and accelerate the technical work needed to deliver EVM compatibility on Algorand. This will enable those innovators looking to leverage Algorand’s high performance, sustainable and cost effective blockchain but are already accustomed to building on EVM.
Research and developer teams will be expected to submit their proposals no later than 18 March, 2022 outlining the methodology of their research, estimated costs and timeline through the call for proposals here. Multiple teams may be chosen with the reward being split among the competing teams.
“Algorand believes in a multi-chain world and this SupaGrant will move us towards that inevitability,” said Staci Warden, CEO Algorand Foundation. “Running smart contracts written for Ethereum on Algorand eliminates the barriers for popular DeFi protocols and NFT projects to serve multiple chains while significantly decreasing the costs to those who participate. We believe that incentivizing experienced developer teams to research and build long lasting fundamental technology for Algorand will benefit the entire blockchain community.”
Research and developer teams participating in the SupaGrant are welcome to use any technology of their choosing to achieve EVM compatibility.
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