According to Foresight News, Starknet Foundation is set to provide approximately $5 million in funding for its developers. The plan is to extend support to at least 200 more teams, with each team receiving a grant of 25,000 USDC. Previously, the Starknet Seed Fund Program had completed a small pilot, providing a total of $500,000 in funding to 20 teams. The new plan targets those who have developed a minimum viable product (MVP) or proof of concept, and plan to use or build existing Starknet tools and integrated projects.
The Starknet Seed Fund Program aims to provide non-dilutive funding, supporting teams that promote the development of the Starknet ecosystem. The initiative is a significant step towards fostering innovation and growth within the Starknet community. The funding will enable more teams to contribute to the ecosystem, enhancing the overall functionality and user experience of Starknet's tools and projects.