The Cudos Foundation has launched today to serve as a catalyst for the development and growth of the Cudos blockchain network in support of becoming the preeminent leader in decentralized cloud computing. The Foundation will serve as both a gateway and a destination, bringing together an ever-growing community of Web3 builders and creators grounded in Cudos’ core principles of sustainability, inclusivity and impact. The Cudos Foundation is a support hub for projects, developers and community members focused on providing funding, resources and community initiatives that are vital to the expansion of Cudos’ blockchain ecosystem.
To spur innovation, the Cudos Foundation is launching a grant program to support talented creators and projects that provide significant value to the Cudos blockchain network. The grant program is focused on funding the development of the Cudos blockchain infrastructure, end-user applications on chain and community expansion endeavors.
The Cudos grant program accepts grant applications that fall into one of three grant categories:
- Developer Grants that fund developer tools, open-source components and other infrastructure utilities
- Startup Grants that fund end-user applications
- Community and Education Grants that predominantly fund community development initiatives.
On average, between $5,000 and $250,000 of grant funding in CUDOS tokens will be allocated to each successful grant recipient. Particular areas of interest include decentralized finance (DeFi), nonfungible tokens (NFTs), metaverses, gaming, infrastructure tokenization and mass adoption-focused tools and bridges.
Commenting on the launch, Matt Hawkins, founder of Cudo Ventures and board member of the Foundation, stated, “As you may be aware, the Cudos blockchain network rolled out its mainnet in June and is poised to work with its extensive list of partners as well as visionary builders to create ambitious decentralized applications that focus on creating a decentralized, sustainable and connected world. Within this picture, the Foundation is critical for realizing our overarching vision of nurturing high-impact projects that align with our values through the grant program.”
The Cudos Foundation will serve as a gateway to educating developers about the Cudos network, its layer-1 (L1) blockchain and the pending layer-2 (L2) distributed compute platform. The Foundation will also accelerate the development of the Cudos mainnet through the expansion of technical tutorials and documentation: everything from building decentralized applications to creating and running a node.
As part of the launch, Cudos Foundation will kick off with its first grant awarded to Showcode, a professional network for all tech communities to share, learn and develop on tech platforms. The Showcode platform allows skilled developers and developer teams to partake in challenge leagues, hackathons and real-world queries to sharpen their skills and develop new innovative solutions, including a focus on building blockchain networks.
With a grant from Cudos Foundation, ShowCcde will develop a live six-week Rust and blockchain development program designed for the Cudos blockchain. This six-week program will turn into an evergreen hands-on program as part of developer onboarding onto the Cudos network thereafter. The grant is focused on attracting new developers to Cudos through the program and through top-tier participation in two major hackathons, Varsity Code and Athena, this fall. Taking place in October, Athena is the largest women-focused tech hackathon in Europe. Previously, the Near Foundation gave Showcode a grant and saw over 200 participants in its six-week developer program, with over 150 projects building on the Near protocol thereafter — a huge success.
On the partnership, Romnique Caballero, head of crypto at Showcode, said, “We are ecstatic to introduce Cudos to our community of developers at Showcode. We have seen a huge demand from our community wanting to learn and evolve on their blockchain developer journey. This partnership supports our mission to bring more developers into the Web3 space, where our community can learn and start building on Cudos.”
Finally, the Cudos Foundation will play an active role in creating and advancing educational materials and tech resources, keenly focused on the developer community to make building on Cudos simpler and more accessible. Foundation activities will include championing hackathons, startup competitions, educational webinars and tutorials, community programs and bug bounties. Moreover, the Foundation will implement new community governance initiatives allowing CUDOS stakeholders to participate in more critical decision-making.
“The Foundation focuses on providing the necessary resources and tools to enable our developer community to create valuable applications and tooling on the Cudos blockchain,” said Simon Bogdanowicz, strategic advisor to the Cudos Foundation. “Serving as a support hub, the Foundation is geared to drive awareness, participation and ultimately evangelism of the entire Cudos ecosystem of applications and services.”
To learn more about the program’s Terms and Conditions, please visit cudos.foundation/grants and join its Discord to join its lively community.
Projects interested in receiving funding can apply here at its grant application form.
About Cudos
Cudo Ventures, also known as Cudos, is powering the metaverse, bringing together DeFi, NFTs and gaming experiences to realise the vision of a decentralized Web3, enabling all users to benefit from the growth of the network. Its an interoperable, open-platform launchpad that will provide the infrastructure required to meet 1000-fold higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is an L1 blockchain and L2 community-governed compute network designed to ensure decentralized, permissionless access to high-performance computing at scale. Its native utility token, CUDOS, is the lifeblood of the network and offers an attractive annual yield and liquidity for stakers and holders.
