Ambrosus Core, the technical foundation of Ambrosus Ecosystem, has announced the launch of a substantial developer funding program — $10 million for developers deploying decentralised finance (DeFi) applications and other solutions on the Ambrosus blockchain.
Ambrosus is a fully operational Layer 1 EVM-compatible blockchain protocol providing scalability, zero-knowledge proof data security, and unique built-in data storage capacity.
DeFi on Ambrosus has recently seen an all-time high in total value locked (TVL) of over 310 million AMB as a result of its newly launched staking platform. As of today, the foundation is accepting applications for its grant program open to new contributors looking to build dApps, NFTs, and DAOs on AMB-NET. Any developer or entrepreneur can now apply for funding to create scalable solutions that enjoy seamless low-cost transactions on the secure network.
According to the firm, the seven-figure grant will be distributed among startup developers and entrepreneurs looking to launch a dApp on AMB-NET, open source developers either individuals or teams developing products on top of AMB-NET or
“The next chapter for Ambrosus Core is all about fostering DeFi growth on our network. We are proud of the functional, dependable and competitive blockchain we’ve developed, now we want to help onboard new developers and assist them with building their new exciting projects on AMB-NET. I am excited to be launching this $10 million grant today, which will aid in embedding Ambrosus at the center of DeFi developments,” said Igor Stadnyk, chief technical officer at Ambrosus Core.