Provenance Blockchain Foundation announces $50M in grants for blockchain development
The grant program will award $50 million in HASH, the native token on Provenance Blockchain, to developers. Provenance Blockchain Foundation has announced a $50 million grant program for Blockchain Developers to support the development of regulated financial services on blockchain . The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology. Developers will be evaluated based on a range of factors, including their ability to contribute to asset perfection, asset origination, on/off ramps, security, compliance, wallets, identity, developer tools, and new financial asset use cases. All projects that are awarded grants will have to also undergo "Know Your Customer" screening. Beyond the HASH-based grants, the Provenance Blockchain Foundation said it will also offer additi...