According to Odaily Planet Daily, the lightweight privacy layer COTI announced a $500,000 funding program in partnership with the on-chain funding solution Gitcoin. The program aims to accelerate the development of privacy solutions to help the broader web3 ecosystem.

The partnership will enable COTI to leverage Gitcoin’s grant management tools and services to bring a group of experienced web3 developers and privacy projects into COTI’s privacy ecosystem. Gitcoin has distributed over $60 million to developers on thousands of projects since 2017.