Velas Launches $5 Million Funding Program

Blockchain projects with a focus on DeFi, NFTs, gaming and others will be eligible to receive up to $100,000 in funding. Switzerland-based technology company Velas has allocated $100 million to startups building on top of the Velas blockchain, marking a sizable increase from its initial pledge of $5 million earlier this year. The grants program is designed to support the growth of the Velas ecosystem and expand its capabilities within Web 3.0, a broad umbrella term that describes the next stage in the internet’s evolution. Like the initial $5 million grants program announced in August, the....

Velas, a high-throughput blockchain that uses artificial intuition to automatically optimize its operating parameters, has just announced the launch of Velas 3.0 — a new ecosystem comprised of a suite of new products, centered around Velas’ long-awaited BitOrbit social media platform. According to today’s announcement, the massive new Velas 3.0 ecosystem will be formed of around a dozen interconnected parts, each of which has the goal of making Velas more accessible, more inclusive, and overall more powerful. […]

The cryptocurrency and blockchain ecosystems continue to create new and innovative concepts. Velas is a blockchain that has surprised many people and will seemingly continue to do so for the foreseeable future. Dozens of projects are launching on this ecosystem that takes elements of Solana and refines and improves them further. The Astronomic Rise Of Velas Taking the Solana code and forking it would not necessarily create a successful ecosystem. However, the Velas team has successfully made an impact through several key improvements to that original codebase. It is considered....

Ferrari will be issuing exclusive digital content for its fans in collaboration with Swiss blockchain startup Velas. Italian luxury sports car manufacturer Ferrari is moving into the blockchain industry by inking a partnership with Swiss blockchain startup Velas Network.Ferrari officially announced Monday that it had signed a multi-year agreement with Velas to jointly issue “exclusive digital content” for the Scuderia’s fans. Velas will also be the main sponsor for Ferrari Esports Series, the online series competing in the F1 Esports Series, the official digital championship including all....

The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share common computing resources. Avalanche ‘Multiverse’ to Incentivize Subnet Usage The Avalanche Foundation has just announced a new incentives program that seeks to put subnets, a core trait of the Avalanche....