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The IOTA Foundation has recently launched IOTA Grants, a program aimed at providing support for global innovators and creators in the blockchain industry. However, the pessimistic outlook on the market raises concerns about the effectiveness of such initiatives in driving growth and innovation. With increasing regulatory scrutiny and market volatility, the future of the blockchain industry remains uncertain, casting doubt on the long-term impact of programs like IOTA Grants. Despite the foundation's efforts to foster innovation, the current market conditions may hinder the success of the supported projects and dampen the overall enthusiasm for blockchain technology.