One of the fundamental needs for smart contract platforms is having enough developers working to build the ecosystem. Networks like Avalanche use grant programs to persuade developers to launch new products. Recently, Avalanche made an exciting announcement regarding its latest initiatives.
Avalanche News
The ongoing significant upgrade, known as Avalanche9000, includes the announcement of the Retro9000 grant support program. This initiative will allocate a total of $40 million in grants to developers. The Retro9000 incentivized testnet program encourages programmers to launch an L1 ecosystem and to build their products early and attractively.
Developer Support
Retro9000 will reward developers focusing on developer tools in the Avalanche9000 test network. Applications will be ranked through community voting for project selection. Martin Eckardt, Director of Developer Relations at Ava Labs, stated:
“L1 validators will no longer have to invest large sums of AVAX to enter, and they will gain access to a unique, interoperable blockchain built on a technology stack that has undergone rigorous testing at a low cost, enabling thousands of projects.”
Following the announcement, the price of AVAX surged up to the $29 mark.
