PANews reported on May 16 that according to the official blog, the Pyth Data Association launched the Pyth Ecosystem Grant Program today, providing 50 million PYTH (about $21.09 million at current prices) grants to eligible community members. The funding program aims to encourage community members to share their ideas and insights about the Pyth network with the wider Web3 community and contribute to its development through education and research programs. The program will be divided into three categories, namely community grants, research grants, and developer grants. Each category focuses on different goals for the development and expansion of the Pyth network. The program will oversee the distribution of PYTH tokens to applicants. These tokens come from the supply ecosystem growth token economics category. All three categories will allocate grants for unlocking and locking tokens.
