Fractal Ecosystem Treasury Launches Season 0 Grants, and Opens Applications for Season 1 Grants
As we prepare for the highly anticipated mainnet launch of Fractal Bitcoin on September 9, 2024, we are excited to announce our Season 0 Grants Program and open up applications for Season 1 Grants.
I. Season 0 Grants
To kick off our Ecosystem Treasury grants, Season 0 will award an allocation of 60,000 FB to six outstanding developer teams that have demonstrated significant progress on Fractal so far. Each of these teams will receive 10,000 FB each, as a retroactive grant for their work in building the Fractal ecosystem and core infrastructure.
These awardees are setting the standard for high-quality projects on Fractal, and paving the way for utility on Fractal, and in turn, Bitcoin.
Season 0 Awardees
1. sCrypt
sCrypt has been instrumental in bringing advanced scripting capabilities to Fractal, enabling developers to create complex smart contracts directly on the Bitcoin network. Their strong technical work has laid a strong foundation for future innovations on Fractal.
2. F2Pool
f2pool is a geographically distributed mining pool, helping miners all over the globe secure Bitcoin and 40+ Proof–of–Work networks since 2013. They contributed to Fractal by testing the mining functions on testnet and providing critical feedback.
3. DeTrading
DeTrading is enabling cross-chain atomic swaps that do not rely on any central authority, servers, or other swap participants. The swap is trustless and requires no collateral, facilitating a simpler way to trade on Fractal without involving a third party or additional risk vectors.
4. UniWorlds
UniWorlds is pioneering immersive environments on Fractal, where blockchain technology and digital economies converge. Their emerging stack of community and game toolkits will enable Fractal developers and users to build their own inter-communicable worlds, and is a proof-of-concept of the internet-scale applications Fractal enables.
5. Nubit
Nubit is a next-generation consumer network, bridging Web2 and Web3 powered by Bitcoin. The Nubit DA enables the scaling of Bitcoin's data capacities, empowering applications like Ordinals, Layer 2s, price oracles, and indexers. With the added support of Nubit, developers can leverage on the data availability (DA) layer for building scalable applications.
FractalEcosystem is a community-driven directory of Fractal projects, showcasing and maintaining an exhaustive list of Fractal ecosystem utilities and applications. The ongoing community engagement and feature updates will foster a more transparent and comprehensive view of the Fractal ecosystem in the long run.
II. Season 1 Retroactive Grants Program: Applications Open
We are pleased to announce that Season 1 of the Fractal Retrospective Grants Program is now open.
From September 9 to October 9, 2024, we invite projects to demonstrate their traction and apply for grants. Applications will be evaluated on a rolling basis, with the final list of Season 1 grant recipients announced in November 2024.
Key Points
Application Period: September 9 - October 9, 2024.
Rolling Evaluation: Projects will be reviewed as submissions are received.
Final Announcement: End October 2024.
Eligibility: Qualifying for one season does not exclude you from applying in future seasons if further significant traction and contribution to the Fractal community are demonstrated.
Verification: Projects will be required to provide verification of their application from official accounts and/or repositories if selected.
How to Apply: Please ensure you fill out the form for Ecosystem Support, and indicate your interest to apply for retroactive grants in the comments.
About Retroactive Grants at Fractal
As a reminder, Fractal awards retroactive funding to contributors who have demonstrated impact within the ecosystem.
Retroactive funding is a beneficial model for the Fractal ecosystem because it rewards teams and individuals based on actual impact and contributions rather than speculative promises.
This approach incentivizes high-quality work and tangible outcomes, ensuring that resources are allocated to projects that have proven their value to the community. It reduces the risk of funding initiatives that may not deliver, while encouraging innovation and experimentation.
Retroactive funding also fosters a meritocratic environment, where contributors are recognized and rewarded for their accomplishments, promoting a culture of accountability, trust, and sustained growth within the ecosystem.
III. Upcoming Bounties for the Community
In addition to our grants program, we will also be introducing bounties for the community to co-build the Fractal ecosystem. The first list of bounties will be released in Q4 2024. Please look out for announcements regarding the bounty program.
IV. Community Engagement and Future Plans
We are thrilled that more than 60 projects have already submitted applications for ecosystem support.
The Fractal Foundation, with the support of core contributors UniSat and BlockSpaceForce, will lead the grant evaluation and voting process for 2024, ensuring a fair and transparent selection process.
As we continue to grow, Fractal will be inviting input from key community members in Q4 2024 to support grant evaluation, by setting up a Community Council. We invite interested parties to apply with their vision for the ecosystem here.
We look forward to seeing the innovative projects that will emerge from this vibrant community and contribute to the growth and success of Fractal. Let’s build the future of Bitcoin utility together!
V. Legal Disclaimers
Fractal FB Asset https://www.fractalbitcoin.io/fractal-fb-legal-disclaimers
