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Aleph Zero Launches $50M Ecosystem Funding Program

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Aleph Zero, a layer-1 privacy-enhancing blockchain, has announced the launch of a $50 million Aleph Zero Ecosystem Funding Program to support developer teams building on its platform and advance blockchain adoption globally. The program includes grants, incubation, and acceleration at all stages of product development, with successful applicants receiving up to $500,000 per project in grant funding. The Aleph Zero partner network will also provide marketing, branding, UX, product design, and operational support as needed. The program has already produced a range of projects, including Abax, ArtZero, AZERO Domains, DRKVRS, Gatenox, and Interlock. Meanwhile, venture capitalist investment in crypto firms continued to fall in Q1 2023, with $2.4 billion invested by VCs, the lowest sum invested since the last quarter of 2020.

(By JUDITH BANNERMANQUIST)

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