Core Foundation Launches Funding Program for Blockchain Developers in Cayman Islands

On October 14, 2024, the Core Foundation, based in the Cayman Islands, launched the 'Core Commit Program' aimed at supporting blockchain developers. This initiative will run for three months and is designed to encourage the development of decentralized applications (dApps) on the Core blockchain, which is known for its non-custodial Bitcoin staking capabilities. The program will provide mentorship, resources, and access to venture capital, with a total of $75,000 in CORE tokens available for distribution based on project performance. The Core blockchain has been gaining traction in the Bitcoin ecosystem, particularly in the areas of decentralized finance (DeFi), payments, and NFTs. The program is expected to attract new developers by offering them the necessary tools and guidance to create impactful projects. Applications for the program opened on the same day as the announcement, and developers have until November 14, 2024, to submit their proposals. To qualify for funding, projects must be open-sourced and demonstrate progress through code commits on GitHub. At the conclusion of the program, participating teams will present their projects during a Demo Day, which may lead to further investment opportunities. The initiative is part of a broader strategy to enhance the BTCfi ecosystem, which has seen significant growth since the introduction of Core. Mentorship will be provided by industry leaders, including executives from Etherfi, BitGo, and Google, ensuring that participants receive expert guidance as they navigate the development process. This program represents a significant step in fostering innovation and sustainable development within the Core ecosystem.