August 25th, Taiko, an Ethereum Layer2 network based on zkRollup, recently announced its first funding program on its website. The program aims to discover and support innovative community members who are building and developing in the Taiko ecosystem, and provide the economic incentives and developer resources needed to achieve their vision.

All grants will be awarded in the form of future Taiko tokens, with up to 0.2% of the total token supply allocated to the first project. These tokens will come from Taiko's treasury and will eventually be governed by Taiko DAO. The first funding program application will close on August 31st.