“Kava is incentivizing top-tier projects and developers with funding that will be rolled out in three phases,” said Kava Labs, while clarifying that “the funds will offset development costs and provide liquidity at launch to ensure that products are not rushed to market at the expense of the security and experience of users.”
The first phase of funding commenced with the Ignition Fund that is set to expand available services on the platform.
“Projects that are selected to be a part of the ecosystem will benefit from Kava’s highly scalable Layer-1 architecture and institutional-grade security, as well as being underwritten by the Kava SAFU fund,” read the announcement.
Kava announces $185 million DeFi fund following similar moves by Fantom, Algorand
Original Kava announcement.
Kava is also in the Cosmos ecosystem, that Blurt will soon be joining, so worth keeping up to date with developments. It also means that, assuming you already have your Cosmos wallet, you can become familiar with the environment and opportunities that already exist there.
Buy BLURT on Probit, Ionomy, Hive-Engine and STEX.
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