Avalanche Foundation announces a $40M grant for Layer 1 blockchain development

#AvalancheFoundation introduces #Retro9000 , a $40M grant program, to reward developers on #Avalanche . Retro9000 will reward developers working on #Layer1 blockchains and essential developer tools for the #Avalanche9000 testnet. Submissions will be ranked on a public leaderboard, with community votes influencing retroactive grant allocations.

Avalanche9000 is the largest network upgrade since Avalanche's mainnet launch, built on the Avalanche consensus that provides near-instant finality for any application. This upgrade will make it more cost-effective to launch your own Layer 1, easier to customize, smoother to maintain and faster to bring to market.

👉 avax.network/blog/retro9000-a-40m-grant-program-rewards-developers-building-avalanche-l1s