The Avalanche Foundation has allocated a $40 million grant to assist developers in creating layer-1 blockchains on the Avalanche network. The foundation recently introduced the 'Retro9000' grant program, supporting the latest upgrade known as 'Avalanche9000.' This upgrade offers developers a more straightforward and cost-effective method to develop L1 blockchains, aligning the network with its original vision. The grant program aims to cultivate a strong community of builders who view technical solutions as a way to bring their products to a wider audience. Developers working on L1 chains and essential tools on the Avalanche9000 testnet can participate in the Retro9000 program. Submissions will be evaluated through a public leaderboard, with community input guiding the distribution of grants. The initiative, funded by the Avalanche Foundation, seeks to incentivize the creation and testing of foundational ecosystem components on Avalanche. This program, according to Luigi D’Onorio DeMeo, COO at Ava Labs, represents years of development efforts and aims to kickstart the L1 ecosystem on Avalanche. Read more AI-generated news on: https://app.chaingpt.org/news

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