Kadena is making significant strides in the blockchain sector by introducing a revolutionary $50 million grant initiative aimed at enhancing Chainweb EVM, real-world asset tokenization, and AI-integrated blockchain innovations. Entrepreneurs, developers, and institutions are encouraged to submit their applications for this no-strings-attached funding through a straightforward application process. This grant initiative builds upon Kadena’s low-cost, high-efficiency Layer-1 proof-of-work network.

Out of the $50 million fund, an impressive $25 million will be allocated to bolster the compliant issuance of tokenized assets in the real world. Potential projects can encompass various financial instruments, including government bonds, real estate tokenization, art, and even collectibles. Applicants will have the opportunity to leverage Kadena’s new RWA token standard, which is designed to enforce on-chain permissions and adhere to regulatory standards. The grant committee will evaluate each proposal individually, tailoring funding amounts to the project’s specific needs.

The second $25 million portion will focus on projects compatible with Kadena’s multi-chain EVM. Developers can create decentralized applications (dApps), decentralized exchanges, and various finance-centric solutions like DeFi and GameFi applications on the Chainweb EVM network. This offers numerous advantages, including minimal gas fees, robust security, and excellent scalability. Although the Pact programming language is available for safety audits, the priority remains supporting Solidity developers on the Chainweb EVM.

Furthermore, the AI-focused grant segment aims to fund innovative applications that intertwine artificial intelligence with blockchain data. Eligible projects may involve automated contract evaluations, predictive models based on on-chain data, and AI-enhanced identity verification mechanisms.

Applications are reviewed continuously without specific deadlines. The grants committee endeavors to finish initial assessments within a timeframe of two to four weeks. Once approved, the teams will engage in an onboarding call to determine project milestones and will receive funding as they reach each target.

“Kadena aspires to merge the groundbreaking capabilities of blockchain technology with the trustworthiness of conventional financial systems,” stated Stuart Popejoy, Kadena’s Chief Executive Officer. “Our Grant Initiative, alongside our token standards, is crucial to achieving this vision—empowering compliant tokenization, facilitating Chainweb EVM developers, and driving AI innovation. We are committed to delivering real-world applications for institutions.”

In addition to funding, eligible teams will gain access to more than just monetary support. Kadena’s business and solutions teams will provide expert assistance, offering insights like code evaluations, Pact language support, and user interface reviews. This assistance will be made available both proactively and upon request, ensuring comprehensive support throughout the lifecycle of the project. Marketing initiatives will also put the spotlight on grantees via featured articles and expansive social media promotion.

This initiative aligns closely with Kadena’s latest roadmap advancements. Enhanced permissioning controls will ensure regulated token movements, while an updated governance structure will expedite proposal evaluations. Additionally, a fast bridge solution will connect the network’s native token to Ethereum, with plans for future support for external Layer 2 solutions.

For every project awarded a grant, success will be measured by on-chain activities, the growth of new wallets, and overall community involvement. The grant team will keep an eye on developer feedback and community sentiment to refine ongoing support strategies.

Ultimately, Kadena aims to champion projects that broaden the network’s scope and deliver genuine value. This grant program is set to play a pivotal role in cultivating Kadena’s scalable, secure blockchain ecosystem.

About Kadena 

Kadena is a pioneering public Layer-1 blockchain that emerged from the U.S. in 2016, founded by industry veterans Stuart Popejoy and Will Martino—known for developing J.P. Morgan’s inaugural blockchain and leading important regulatory committees. As the sole scalable Layer-1 Proof of Work blockchain, Kadena presents unmatched performance while offering comprehensive EVM compatibility for Solidity and Pact smart contract execution, characterized by minimal fees, high throughput, and enterprise-level security. Developers are increasingly turning to Kadena for deploying DeFi solutions, managing real-world asset tokenization, and integrating innovative AI applications onto a scalable and secure platform.

At its foundation, Kadena incorporates Chainweb, a cutting-edge braided, parallel-chain design that enables multiple chains to operate concurrently, interlinked by cross-chain uncle-proof mechanisms. Through dedicated grants, developer tools, and enterprise permissioning, Kadena empowers teams to launch DeFi, AI, and tokenization projects on a blockchain that is both scalable and cost-efficient.