On December 2, 2024, Gravity announced the launch of a $5 million fund to support developers and projects on the Gravity network.
On December 2, 2024, G DAO – Gravity’s decentralized autonomous organization – approved Proposal GP35 and launched the Gravity Ecosystem Grant, a $5 million fund. This fund aims to support projects and developers on the Gravity network.
Previously, the Gravity team also launched a $50 million fund – The Gravity Ecosystem VC Alliance – to promote ecosystem development and connect investment funds with projects on Gravity.
Conditions for Receiving Funding from the Gravity Ecosystem Grant
To be eligible for funding from the Gravity Ecosystem Grant, projects must meet one of the following criteria:
- Launched on Gravity: The project must operate on the Gravity Chain or use Gravity as the main infrastructure in its operational structure.
- Mainnet launched: The project must be in the mainnet phase, operating stably, and have active users.
- Clear direction: In cases where the project has not yet launched its mainnet, the team needs to provide a clear strategy and roadmap. The specific plan should include a user acquisition strategy, implementation timeline, etc.
The Gravity Ecosystem Grant hopes to attract projects and developers focused on expanding, strengthening, and innovating the Gravity network. This includes projects in the following areas:
- dApps built directly on the Gravity network.
- Infrastructure that strengthens the Gravity network, such as Web3 wallets, exchanges, on-chain/off-chain analytics tools for Gravity, stablecoins, etc.
- Projects aimed at enhancing network security.
Gravity Ecosystem Grant Application Process
To apply for support from the Gravity Ecosystem Grant, teams need to submit an application with the following specific information:
- Project introduction: Background, development approach, or go-to-market strategy.
- Problem and solution: Clearly state the problem the project addresses and the proposed solution.
- Impact on the Gravity ecosystem: Analyze the contributions and benefits the project brings to the Gravity ecosystem.
After submitting the application, Gravity’s team will evaluate the applications in batches. Projects that meet the criteria will be contacted to proceed with an in-depth due diligence process. The review results will be announced via email. Approved projects will work with Gravity’s legal department to finalize the funding agreement.
Furthermore, according to the Gravity team, grants are capped at $200,000 in G tokens. Allocation will be based on voting and consensus from the G DAO. In addition to funding, Gravity also provides support in the following areas:
- Strategy & Marketing: Brand support, go-to-market strategy assistance, and enhanced services through Galxe – a platform for projects to engage with communities through tasks.
- Exclusive connections: Projects gain access to over 6,000 partners in the Galxe ecosystem, expanding collaboration and development opportunities.
With a transparent process and comprehensive support, the Gravity Ecosystem Grant aims to create favorable conditions for potential projects to develop sustainably and contribute positively to the expansion and innovation of the Gravity ecosystem.
Learn more: Gravity (G) – Layer 1 Blockchain Developed by Galxe.
