Meta Pool has launched the seventh round of financing within its mpDAO Grants program to support cryptocurrency projects.
The fund already has more than US$110,000 which will be used to support various cryptocurrency project proposals located in frontier markets in Asia and Latin America.
The mpDAO Grants program initiative aims to provide the opportunity to thousands of entrepreneurs from Latin America and Asia to develop and materialize their ideas for the implementation of their crypto projects.
The success of the program has been demonstrated through the 80 proposals that have been registered by companies and entrepreneurs from around the world.
Claudio Cossio, co-founder of Meta Pool stated “One of the main objectives of Meta Pool is to support crypto entrepreneurs, promoting entrepreneurship in what we define as frontier markets, that is, regions where mass adoption of crypto is going to happen. accelerated like Latin America.”
Latin America and Asia lead the adoption of cryptocurrencies
Latin America and Asia have been considered two leading regions in the adoption of cryptocurrencies globally.
According to data provided by Statista, the cryptocurrency market will grow at a compound annual rate of 10.32% over the next 4 years, reaching a total profit of US$2.4 billion by 2028.
While the Asian continent will reach US$11.1 billion in 2028, growing at an annual compound interest rate of 7.68%.
Both regions have dissimilar economies and diverse social realities, and with a common denominator, the accelerated growth of the adoption of cryptocurrencies.
Chainalysis also confirmed the rapid growth of cryptocurrency adoption in these regions, its global cryptocurrency adoption report has positioned countries such as Argentina, Brazil, Vietnam and Thailand, among others, within the top 10 countries that lead cryptocurrency adoption on an international level.
Meta Pool has recognized the need to support projects in these regions and that is why it has chosen to launch different rounds of financing under its program known as mpDAO Grants.
Meta Pool is a liquid staking solution that allows users to participate in the cryptocurrency staking process while maintaining the liquidity of their assets. Its design allows it to become an ecosystem that includes the NEAR, Ethereum, Solana, Aurora and Q Network Protocols
