Proximity Labs, along with three decentralized exchanges on the Near Protocol blockchain — Orderly Network, Spin, and Tonic — announced a $10 million developer fund.
Proximity Labs said the $10 million fund will derive from the treasuries of the four contributors. In addition to capital in the form of grants and investments, Proximity will also offer advisory services and developer support, it added.
Kendall Cole, Director at Proximity Labs, said the fund is aimed at further strengthening the decentralized trading ecosystem on Near in light of the fall of centralized exchange giant FTX. "At Proximity, we believe the recent events highlight the necessity of a robust and highly performant orderbook DEX economy for a truly decentralized future. This $10 million fund encourages talented teams from any ecosystem to build on Near," Cole said.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s how to buy ‘Hamilton’ tickets for $10 when it comes to Cleveland’s Playhouse SquareFans of the Tony Award-winning musical can enter a lottery prior to each performance for a chance to purchase the cheap seats. There will be 40 tickets at each show available for $10.
Read more »
The Secret to Kylie Jenner's Fall Manicure Is This $10 Nail PolishIt's a total classic.
Read more »
Cosmos-based DeFi protocol Onomy raises $10 million: ExclusiveOnomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round.
Read more »
This simple mount helps turn your iPhone into a webcam for less than $10Elephant Card is a flat foldable Continuity Camera mount that’s too affordable to pass up.
Read more »
Biden administration announces $10.4M grant for undersea cable from Metlakatla to KetchikanA grant for a cable linking Ketchikan and Metlakatla is part of a package of more than $135 million that was spread across four tribes in Alaska, through the U.S. Commerce Department’s “Internet for All” program.
Read more »
Ole Miss NIL collective tops $10 millionIn a national arms race to raise money to compensate college athletes, the Ole Miss-affiliated NIL organization has vaulted itself to among the nation’s best funded collectives — just in time for a potential football coaching search.
Read more »