Privacy blockchain Dusk sets up a $ 5 million grant program

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The crypto space has grown a lot in recent years, with different projects using different blockchains for their solutions. Dusk Network, a blockchain focused on data protection, now offers projects the opportunity to apply for funding for projects related to Dusk.

“The Dusk Grants program aims to engage (independent) projects, developers, researchers, academics or community organizers who want to accelerate the growth and accessibility of the Dusk Network blockchain platform,” Dusk said in a public statement on Tuesday. “The program is open to everyone, but applications must be relevant to Dusk Network.”

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The grant initiative originally presented in April totals US $ 5 million that can be made available for various projects. Interested parties must apply for funding, with applications going through a six-step process that begins with an inquiry form and ends with onboarding, according to the public statement.

The statement listed a number of specific project niches where Dusk is interested in funding, including mainstream adoption projects.

Since the introduction of the Bitcoin blockchain in 2009, various other blockchains have emerged, such as Ethereum, on which projects can build solutions. Dusk aims to offer a privacy-focused blockchain that projects can use to build.

Dusk’s team is currently overseeing licensing efforts, including permissions, although Dusk plans to create a dedicated licensing oversight unit. “In the coming year, a newly established Governance Council, consisting of members of the core team and respected developers from the industry, will begin managing the funding program,” the statement said. “This dedicated 7-person team will also lead the network’s Community Development Fund (CDF) and are tasked with securing the long-term future of Dusk Network,” the statement said. “The team is also striving to manage the network directly in the chain using a decentralized governance process.”

According to a statement, Dusk has not yet opened its test network. Cointelegraph reached out to Dusk Network but did not receive a response in time for the initial release.