Web3 Foundation, the launchpad for the Polkadot blockchain protocol, has announced new applications to grow their Decentralised Futures Program.
Raising over $45 Million USD for 2024, the initiative’s objective is to encourage more investment to support the growth of connected blockchain systems for the next iteration of the internet. The funds will be channelled into teams and individuals working to scale projects for the blockchain ecosystem and explore decentralised data models.
Newly appointed Chief Executive of the Web3 Foundation, Fabian Gompf, commented: “The Foundation believes its strongest asset is the community itself. The decentralized Futures Program doubles down on this belief, allocating sizeable investments and grants that can accelerate the growth of decentralized technologies. By empowering our community to lead the next phase of the development of Polkadot we are tapping into the diverse capabilities of our community, and moving away from centralized stewardship of the protocol. In doing so, the program represents a meaningful step closer to realizing the fundamental vision of the Foundation: creating a decentralized internet where users control their own data, identity and destiny”.
