Sui Foundation launches a funding package worth USD 100,000 for projects built on the SUI blockchain

Blockchain SUI is making more positive moves to attract projects built on this platform.

The Developer Grant Program will have a value of 100,000 USD and is intended to pay more in SUI. The goal of this funding is to accelerate Web3 development and fund new projects that will help shape the future of the decentralized economy.

The SUI Foundation team will select projects with outstanding potential to fund each stage of development. The source of funds will range from 10,000 to 100,000 USD and there are additional rewards in SUI tokens.

Proposal for priority funding for projects that are open source and benefit the Sui community. Candidates who want to participate in the sponsorship package need to go through an extremely thorough identity verification and screening process to be selected.

With the potential of SUI and a powerful backer, even more than Aptos, this blockchain platform promises to become a “garden of paradise” for products developed here. Founded by the veteran team of Diem, the first project of Meta (Facebook), Sui and the “sister” project Aptos are the most sought-after names in the market.

However, when Aptos revived the airdrop/retroactive wave after the unexpected mainnet effect, Sui shocked with the statement “no plans to reward early users” on the platform.