According to TechFlow, TheBlock reported that blockchain development company Proximity Labs and three decentralized exchanges, Orderly Network, Spin and Tonic, on the Near Protocol blockchain announced a $10 million developer fund.
The fund will provide grants and investments to new development teams building on top of Orderly, Spin or Tonic, which are decentralized trading protocols that rely on virtual order books. These projects use the Near blockchain as a settlement layer to provide a trading experience similar to that of centralized exchanges. New projects can plug into these protocols and use them to provide liquidity for their own tools. Original link
