KEY TAKEAWAYS
- The VeBetter Grants Program has been upgraded to support developers in creating sustainable blockchain applications.
- The program features a community-driven approval process, ensuring projects align with collective priorities and user needs.
- Two funding tracks, X-to-Earn and Ecosystem Infrastructure, are available to accelerate ecosystem growth.
- Projects that align with the UN’s Sustainable Development Goals are prioritized for funding.
In a significant development for decentralized sustainability efforts, the VeBetter Grants Program has been upgraded and is now live. This initiative aims to accelerate the growth of the VeBetter ecosystem by supporting developers in transforming their visions into impactful real-world applications. The program invites community participation, allowing members to approve applications they find most deserving of funding. Details of the program were announced here.
The success of the Mugshot project, which recently surpassed one million active users and contributed to a significant reduction in carbon footprint, highlights the effectiveness of VeBetter’s incentivized approach to sustainability. The upgraded grants program seeks to build on this momentum by offering two distinct funding tracks: the X-to-Earn Grant and the Ecosystem Infrastructure Grant.
Empowering Developers with Resources and Support
The VeBetter Grants Program provides milestone-based funding while allowing grant recipients to retain full ownership of their projects. In addition to financial support, the program offers technical guidance from blockchain experts, collaboration opportunities, and marketing amplification through VeChain Foundation channels.
Projects that align with the United Nations’ 17 Sustainable Development Goals and serve the general population are prioritized. The program also encourages proposals that enhance infrastructure, tooling, security, or scalability within the ecosystem.
Community-Driven Approval Process
A defining feature of the enhanced grants system is its transparent community validation process. This dual-approval mechanism involves both community voting and VeChain Foundation evaluation, ensuring that funded projects reflect collective priorities and user needs. Applications are assessed based on technical feasibility, ecosystem value, innovation, team expertise, and long-term sustainability.
The application process involves several steps, including an initial review, follow-up discussions, and community voting. Most applications are processed within four weeks, with funding distributed as milestones are met and approved.
Developers interested in contributing to the VeBetter ecosystem can apply for a grant via the VeBetter Grants webpage. For further information, inquiries can be directed to grant@vechain.org or through the VeChain community on Discord.
Why This Matters: Impact, Industry Trends & Expert Insights
The VeBetter Grants Program has been upgraded to support sustainable blockchain innovation, aiming to accelerate the growth of the VeBetter ecosystem through community-driven funding and technical support.
According to Trigyn Insights, there is a strong industry shift towards reducing environmental impact and enhancing efficiency in blockchain technology. This aligns with the VeBetter initiative, which focuses on sustainable development and reducing carbon footprints through innovative projects.
A CoinBureau report highlights VeChain’s innovative approach in blockchain technology, particularly in supply chain management and enterprise solutions. This supports the significance of the VeBetter Grants Program as it aims to leverage these strengths to drive sustainable innovation within the ecosystem.
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