Open source code is free and its reusable efforts on the internet towards variety of the assets are helping shape and build a world. Be it blockchain, AI, machine learning and the programming languages are out there in the open source and also being used by variety of companies. This has built the foundation towards seeing the current world we are living into.
In the blockchain world, there are many projects out there are which require the idea implementation. Like one project at a time requires building using the variety of coders and the implementors. This requires some level of funds so that the people who work on the projects are compensated with the money.
In order to compensate the open source projects coding, test, docs and other contribution is done through the grants. And in the blockchain world grants are offered by the company and there is growth in the blockchain projects due to such grants and the people who work using the funds of such grants.
Let's take a look at some of the known and popular grants in the blockchain space.
Ethereum Ecosystem Grants
Ethereum is one of the strongest chain on the web. And they are often giving the variety of grants to the people who implement their projects on the chain. For example small grants which are priced upto 30K are being given to people who are implementing the projects. They have their own set of the limits on what is being accepted for the ecosystem growth.
In case of the larger projects you would find that Ethereum foundation also has the variety of companies and the incubators stepping in to push the project and the coders. And this way they are building more growth on their chain as well in the blockchain space for the fintech and code. Do check out the support program website for more information on how grants work.
Polygon Village Grants
Polygon being a layer 2 of Ethereum, they have their own set of the grants and the foundation support. In case of the polygon you may notice that it offers the grant on variety of projects. And some of the times they set the topic where they want to innovate. And they open their village grant program every now and then to take the talented projects for run.
A lot of payment specific projects and the DeFi projects were pushed recently by the polygon and they have paid a lot of MATIC credits to the coders and the people who are coming up with innovative projects that are put up for the test of such blockchain ecosystem growth. You can check out more about village ideas and grants in the official website here.
BNB Chain Builder Grant
Binance used to dominate back in the days before their exchange was not hit by the SEC. But now that it has done the damage the world is moving on back to BNB and other binance based assets. And the company is also active in offering the grants to the users who are planning on making the chain grow through the dApps and the games using the grant funds.
Funds are offered through applicaiton and the review process where the BNB chain is expecting the development on it's chain and it would be giving exposure before and after the project hits the mainstream usage. And based on their exchange and the marketplace exposure, the funds would also be given to respective people who wish to show their efforts towards outcome in that context. You can explore the BNB grants here.
Grants are offered in the blockchain space so that the deveopers from the external space can contribute and extend the chain usage even more further. So be it open source or the closed company code, the grants are put to use to extend this blockchain industry.