Core DAO announced the launch of a $200 million ecosystem fund aimed at accelerating the development of decentralized applications and protocols based on the Core layer1 blockchain.
The fund is backed by cryptocurrency exchange Bitget and backed by MEXC. Core DAO’s Ecosystem Fund claims to do so by not employing a grant-based system where the primary requirement for a project to receive funding is a commitment to build on a specific protocol.
Instead, the Ecosystem Fund will incentivize each project to achieve pre-agreed custom benchmarks, delivering tangible value to the core community.