Starknet Foundation launches $5m grant program

Starknet Foundation Launches $5 Million Grant Program for Crypto Projects

The Starknet Foundation has introduced a $5 million grant program aimed at assisting 200 crypto project teams. This initiative seeks to provide funding of up to $25,000 in USDC to accelerate the growth of the Starknet ecosystem.

Supporting Projects to Enhance Starknet Ecosystem Growth

The Starknet Foundation is focused on backing projects that have developed a minimum viable product but have not yet entered the market. To be eligible for funding, participants must actively engage in the Starknet community, join hackathons, and enhance existing network-based tools.

Restrictions and Expansion Efforts

Projects operating on the mainnet for more than three months or with an existing user base are ineligible for funding. Moreover, teams involved in illicit activities such as drugs, gambling, or money laundering are not eligible for the program. In recent months, the Foundation established a Gaming Committee to further expand into the entertainment industry sector.

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