24 August 2023

IOV Labs announces $2.5m grants program

Written By FinTech Alliance

IOV Labs announces $2.5m grants program

IOV Labs has announced the second wave of the $2.5 million grant program designed to transform Bitcoin from a simple store of value to a fully decentralised financial system.

In brief:

-The grant program has been designed to help the next generation of FinTech founders and developers to build next generation financial services and products on top of Bitcoin.

-This is achieved with Rootstock, the world’s first Bitcoin sidechain, secured allowing users to build the financial products of tomorrow.

-Through the grant, IOV Labs is interested in assisting the creation of solutions that provide real utility in the real world.

What does this mean?

The grant announcement reaffirms IOV Labs’ commitment to supporting professionals building on Rootstock. Over the years, the company has played an active and integral role in supporting this community.

Read more here.

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