According to Foresight News, Neo, an open-source community-driven blockchain development platform, announced the launch of its sidechain Neo X mainnet, and also announced its $20 million ecosystem funding program Elevate. The program is designed to help projects start development on the Neo X chain and is divided into two parts: the "Elevate Grants Program" and the "Elevate Investment Program". Depending on the business type of the project, Neo X's Elevate Grants applicants can apply for "Genesis" or "Partner". The Genesis channel is designed for innovative projects in the early stages that will contribute to the strength and prosperity of the Neo ecosystem, while the Partner channel is designed for mature core infrastructure projects that are already running on other EVM networks.