The Tezos Foundation has released a series of grants for a number of crypto related projects that responded to the foundation’s calls for proposals. According to an announcement made by the foundation, they have issued 14 grants to various projects that are working towards furthering the interests of the Tezos project. The size of the grants was not disclosed in the announcement.
Project proposals were requested by the Tezos Foundation, and many crypto projects responded to the call. The recipients of the grants will be focused on the development of applications created on Tezos smart contracts, various tools for developers who use Tezos, Tezos oriented training projects, block explorers, and marketing projects that will place Tezos on the map in the crypto community. The main aim of all these projects is to increase the awareness of crypto users about Tezos and what they aim to achieve.
Description of Tezos Grant Winning Projects
Tezos’ announcement of the issuing of grants was accompanied by some information about the projects that were awarded grants by the foundation. One of the projects is the development of a Telegram bot which will monitor all activity on the Tezos blockchain. The monitored activity will include transactions executed on the blockchain, doubles-baking, and any missing block endorsements.
There is a wide range of other areas that will be covered by the projects that have received grants from Tezos. These include learning related materials, which has been an area of interest for Tezos for a long time. The original Tezos blockchain is also going to be expanded by one of the grant winners, and another will help convert the platform into a self-sustaining library system.
The range of projects being funded by the Tezos Foundation shows that they are interested in becoming one of the biggest and most important blockchain projects in existence. It has also given many developers the chance to create long lasting and important blockchain functions, which can facilitate the mainstream adoption of the technology.
Tezos Becoming a Major Player in the Blockchain Industry
Tezos is on its way to becoming one of the biggest blockchain players. Big investment banks and firms have expressed interest in Tezos and there are plans to invest in the blockchain foundation. BTG Pactual, a Latin American investment bank, said that they have plans to move their security token offerings (STOs) to Tezos’ blockchain.