Covalent (CQT) Announces $5 Million in Grants to Support Frontier Web3 Technologies

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Covalent, a leading name in the blockchain and cryptocurrency industry, is excited to announce its groundbreaking initiative, the Covalent Grants Program. This program is designed to provide substantial incentives, with grants of up to $25,000 USD, to visionary developers and emerging startups in the Web3 space.The Covalent Grants Program aims to foster innovation by offering financial support to projects that are dedicated to building with the richest, deepest, and broadest on-chain data. If you’re a developer with a passion for pushing the boundaries of what’s possible in the blockchain world, this program is tailored for you.

Fueling Innovation in Web3

With Covalent Grants, developers are encouraged to embark on a journey to create groundbreaking solutions. The program supports a wide range of projects, including:

• Multi-chain Wallets: Are you building the next-generation multi-chain wallet that simplifies blockchain interactions for users? Covalent Grants can make your vision a reality.
• Risk Scoring Credit Systems: If you’re on a mission to revolutionize credit scoring systems using blockchain data, we want to empower your efforts.
• DAO Analytics: Building tools for decentralized autonomous organizations (DAOs)? Covalent Grants are here to help you navigate the complex world of DAO analytics.
• On-chain Accounting: Innovators in on-chain accounting will find the Covalent Grants Program a valuable resource in their mission to streamline financial processes on the blockchain.
• Predictive Analytics and AI: Are you exploring uncharted territories in predictive analytics or AI on the blockchain? Covalent is ready to support your groundbreaking work.

Eligibility Criteria

Covalent is committed to supporting both established projects and startups with the potential to tackle the challenges of tomorrow. To be eligible for a Covalent Grant, your project should meet the following criteria:

• Less Than Two Years Operating: Projects should have less than two years of operating experience.
• Covalent API Key: Your project should require a registered Covalent API key.
• Demo’able Product: A demonstrable product is essential for consideration.
• Live Website: A live website for your project is a must.

Types of Grants

Covalent Grants are currently issued in premium credits for Covalent’s product suite, providing you with the tools and resources you need to supercharge your project. Additionally, novel use cases that require substantial data resources can also receive support through the program.

Prioritizing Innovation

Covalent values collaboration and innovation. Grant applications from verified partners of Covalent are given priority. Grants are processed based on the ease of implementation, with special preference for projects that leverage Covalent’s existing product suite. We are also enthusiastic about supporting projects with ambitious ideas that involve utilizing data from over 115 blockchains.

Acceptance and Notification

Applicants can expect a prompt response from Covalent. You will be notified within 30 days from the start of the upcoming calendar month to learn whether your project has been accepted. In some cases, additional information may be requested to better understand the potential of your project.

Why Covalent Grants?

In a world where resources are scarce and only the most dedicated builders remain, Covalent is committed to supporting innovators who are driven by passion and a vision for the future. By providing access to a wealth of data and helping you discover novel ways to utilize it, Covalent Grants will be your gateway to unlocking the full potential of your project.The Covalent Grants Program is your opportunity to bring your innovative project to life with financial incentives, expert guidance, and access to the richest, deepest, and broadest on-chain data available. Join us in shaping the future of Web3 data solutions!Are you ready to take the next step? Apply now and let Covalent Grants fuel your journey towards a brighter, blockchain-enabled future.For more information, visit www.covalenthq.com/grant.

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