The Starknet Foundation announced a new grant program with $5 million worth of USDC for emerging projects on the network.
The new $5 million Seed Grants Program aims to support at least 200 promising teams, with $25,000 in USD Coin per award recipient, offering a “final push” to help final-stage projects launch on Starknet, an Ethereum layer-2 scaling solution based on zero-knowledge rollup technology.
The $5 million grants program came in response to the main challenges of current Starknet developers, according to Diego Oliva, the CEO of Starknet Foundation.
Starknet has been attracting increasingly more developers to its ecosystem. Total monthly developers rose to over 22,400 in December 2023, up over 113% in the past three years, from 10,500 in December 2020, according to Electric Capital’s 2023 Developer Report.
When asked about the most exciting projects and protocol categories building on Starknet, Oliva said blockchain gaming remains a top use case.
