According to TechFlow, the Web3 Foundation, which supports the Polkadot blockchain, announced the launch of a new funding program called "Decentralized Futures", which will allocate more than US$25 million in funds to Web3 projects.

According to the Web3 Foundation team, projects from a wide range of use cases applied for funding from the program, including blockchain-related solutions in areas such as deployment tools, DeFi, social media, gaming, and recruitment.

As of September, more than 250 projects have submitted applications, of which more than 50 new projects have successfully passed the review. The program aims to promote the development and innovation of the Polkadot ecosystem and attract more developers and projects to join the Polkadot network.