E Money Network, a modular RWA blockchain, has recently announced the launch of a groundbreaking RWA grant program in the cryptocurrency space. With a total of $2 million allocated for this initiative, the program aims to support RWA projects in developing on their blockchain and driving the growth of the RWA economy.
Unlocking Infinite Possibilities
E Money Network functions as an L1 blockchain that serves as the foundational infrastructure for building RWA projects. In addition to offering a developer-friendly SDK for customized features, the platform includes pre-built modules like KYC verification, banking services, staking, governance, and more, which can be seamlessly integrated into applications. The network also enables interoperability through Inter-Blockchain Communication (IBC), facilitating the development of applications that can interact with other IBC-compatible blockchains. Moreover, E Money Network incorporates compliance modules such as Know Your Customer (KYC), Know Your Ownership (KYB), and Know Your Transaction (KYT) to ensure adherence to upcoming regulatory standards like Markets in Crypto Assets (MiCA).
Objectives of the Grant Program
#BUIDLonEMN initiative is a central theme of the grant program, inviting developer teams with innovative RWA-centric concepts to leverage the E Money Network and bring their solutions to life. By submitting Requests for Proposals (RFPs) outlining their RWA application ideas, participants can potentially receive funding from the $2 million grant pool. Raj Bagadi, the CEO of E Money Network, emphasizes the importance of nurturing the RWA ecosystem with a diverse range of applications to drive progress within the network and the broader RWA community.
An esteemed committee comprising technology experts, marketing professionals, and community leaders will oversee the review of grant applications. Submissions will be evaluated based on various criteria, including the project’s objectives, anticipated impact, milestones, budget projections, team composition, and product roadmap. Each proposal must outline at least three milestones with measurable key performance indicators (KPIs) like user growth, total value locked (TVL) increase, and transaction volume. Grant amounts ranging from $5,000 to $50,000 will be awarded based on the project’s requirements and scale, with successful applicants also gaining access to mentorship, legal support, marketing resources, and networking opportunities within the RWA ecosystem.
Application Process
Developers and blockchain enthusiasts interested in participating in the grant program can join the #BUIDLonEMN initiative by completing the grant application form and joining the E Money Network’s grant channel on Discord. Following the submission of applications, the selection committee will assess the projects and notify successful applicants with further instructions on the next steps.
E Money Network stands as a regulated Modular RWA blockchain dedicated to promoting seamless interoperability between decentralized finance (DeFi 2.0) and RWA tokenization. By bridging the liquidity gap between Web 2.0 and Web 3.0, the platform aims to foster innovation and growth within the digital asset ecosystem.