DevvE Innovation Grant Shard

At The Forevver Association, they recognize the importance of fostering development and creativity. They understand the role this will play in extending the reach of the ecosystem and supporting wider growth and adoption.

Objectives

• A large part of the technical advantage is the ability for any of the 27+ million global web developers to feel confident in their ability to build a web3 application without any additional experience required. If you have a vision that requires a market leading blockchain solution, now, with DevvE, you can execute on it.
• Through the launch of the innovation grant shard, they  aim to:
  • Encourage Development and Innovation: By providing support, resources, access to the shard, and incubation they incentivize developers to explore new ideas and push the boundaries of what is possible within the cryptocurrency space.
  • Foster Decentralized Applications (dApps) and Protocols: They believe in the power of decentralized applications to revolutionize various industries. Through the grant program, they aim to nurture the growth of dApps and protocols that contribute to a more decentralized and resilient future.
  • Support Scalability, Security, and Usability: As critical aspects of blockchain technology, they seek to support projects that address these challenges and contribute to making blockchain applications highly accessible and efficient for users worldwide.
  • Provide Dedicated Support: In addition to incubation assistance, they offer access to dedicated shards and support from the DevvE tech team. This hands-on guidance ensures that grant recipients have the resources and expertise they need to bring their ideas to fruition.

Funding

• They are committing $1million to kickstart this program. Additional funding opportunities will be made available either via the network of VC’s, access to the LaunchPad or direct investment.
• This funding will be allocated based on a set of criteria designed to assess project viability, innovation, alignment with the platform’s goals, and potential impact on the ecosystem.

Evaluation and Selection

• A dedicated review board, consisting of experts from relevant fields, community representatives, and project stakeholders, oversees the evaluation and selection process. They have defined clear evaluation criteria, including technical feasibility, innovation, potential impact, alignment with platform goals, and team competency.
• Each proposal undergoes a thorough evaluation, considering both quantitative and qualitative aspects. Ultimately, they select projects that demonstrate the highest potential for success and positive impact on the ecosystem.

For more information, visit Forevver Association.