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Velas increases blockchain grants program to $100M By Cointelegraph

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Velas, a Swiss technology company has given $100 million to start-ups that build on the Velas Blockchain. This is a significant increase over its original pledge of $5million earlier in this year.

This grants program supports the Velas ecosystem’s growth and expansion within Web 3.0. Web 3.0 is a broad term that encompasses the entire web. next stage in the internet’s evolutionThis is. Similar to the original $5 million grants program, this new funding initiative will allow for up $100,000 per project. Velas will fund many projects but developers working on DeFi, gaming, and decentralized tokens will get priority.