ZeroEx International Announces 0x Ecosystem Acceleration Program

ZeroEx International just announced an acceleration program for the 0x ecosystem. The acceleration program is designed to help users jumpstart a business or research initiative on 0x.

ZeroEx’s Blake Henderson in a blog post announcing the news explains,

“We are thrilled to publicly announce the 0x Ecosystem Acceleration Program (EAP).” “The 0x ecosystem has grown organically to serve a wide array of markets ranging from in-game items to traditional financial assets.”

The new Ecosystem Acceleration Program, however, is designed to encourage more growth on the platform. The acceleration program will offer funding, technical support, and business expertise to promising projects seeking to build on 0x. Projects can include businesses, open-source initiatives, and research projects.

The EAP will aim to support development in three targeted areas, including:

Helping Early Stage Projects Get Off the Ground: ZeroEx International is already funding startups building in a variety of 0x relayer verticals, including order book exchanges, NFT marketplaces, prediction markets, and more. The Ecosystem Acceleration Program will expand this program even further and help more early stage projects get off the ground.

Investing in Tooling and Programs to Support All 0x Businesses: ZeroEx also wants to support talented teams who wish to build open-source infrastructure benefiting the whole ecosystem. The Ecosystem Acceleration Program will identify projects that are benefiting the 0x ecosystem and inject them with funding to help them grow.

Promoting Technological Breakthroughs: Finally, ZeroEx aims to use the accelerator program to promote technological breakthroughs via targeted research grants.

“We are backing projects attempting to solve research problems in the field of cryptography, economics, and computer science to improve scalability and governance,” explains ZeroEx in its blog post.

150 million ZRX tokens have been allocated for ecosystem development. The goal is to distribute $1 million through the accelerator program every year.

The grants will range in value from $10,000 to $100,000. Grants will be awarded based on the stage of the project, the quality of the team, and the commitment of the team, among other factors.

Today, the ZRX token is sitting at a value of around $0.28. The token hit an all-time high of $2.37 in January 2018 before slumping with the rest of the crypto market. There’s a total supply of 1 billion ZRX tokens, with approximately 551 million tokens in circulation.

In addition to financial support, ZeroEx wants to pair startups with venture capital financing.

“For teams looking for follow-on investment, we can offer introductions with leading venture capital firms.”

So far, 15 projects have already been accepted into the 0X Ecosystem Acceleration Program. ZeroEx aims to add many more projects over the coming months.

You can apply for the EAP here: https://0x.smapply.io/

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