Tuesday, February 18, 2025

$40 Million Grant Awarded to Developers Building Layer-1 Chains on Avalanche Network

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Originally published on: September 26, 2024

The Avalanche Foundation recently revealed a groundbreaking initiative with a $40 million grant to support developers in creating layer-1 blockchains on the Avalanche network. This exciting program, named “Retro9000,” was introduced in conjunction with the latest upgrade, Avalanche9000, which provides developers with a more streamlined and cost-effective approach to developing L1 blockchains.

In a statement to Cointelegraph, an Avalanche spokesperson highlighted the significance of the network upgrade, stating that it brings Avalanche closer to its original vision outlined in the white paper. The spokesperson emphasized that the ultimate goal of the grant program is to cultivate a strong community of builders who view innovative technical solutions as a means to bring their products or businesses to a wider audience.

The Retro9000 grant program will specifically reward developers who focus on building L1 chains and essential developer tools on the Avalanche9000 testnet. Submissions will be evaluated based on a public leaderboard, with community input guiding the distribution of retroactive grants. Developers are encouraged to engage with the community, test and deploy their projects to be eligible for rewards.

Funded by the Avalanche Foundation, the grant program aims to promote the adoption of the Avalanche blockchain network by incentivizing the testing and launch of foundational ecosystem building blocks. Luigi D’Onorio DeMeo, the COO at Ava Labs, expressed that the Avalanche9000 upgrade represents the culmination of years of development work.

As the program progresses, developers are reminded that community support and engagement play a crucial role in securing their rewards. The spokesperson stressed the importance of community votes in determining the success of developers in receiving grants.

Looking ahead, the Avalanche spokesperson hinted at more upcoming initiatives to ensure the success of the Avalanche9000 upgrade. With this innovative grant program, Avalanche is paving the way for a robust ecosystem of developers and businesses on the network.

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