• Cartesi has launched its Community Grants Program to fund developers and help build and expand the Cartesi ecosystem.
• The program also provides technical and strategic advice to ensure project success within the Cartesi environment.
• CTSI tokens will be used as a way for community members to signal approval or disapproval of grants proposed.
Cartesi Launches Community Grants Program
Cartesi (an application-specific rollup execution layer with a Linux runtime) has announced the launch of its Community Grants Program to fund developers looking for support to get their ideas off the ground, and for Web3 enthusiasts interested in helping shape Cartesi’s developing ecosystem. The goal of this program is to help build and expand the Cartesi ecosystem by providing financial support as well as technical and strategic advice.
How Does It Work?
Developers can submit their idea with the Community Grants Program, while the Cartesi Foundation will periodically publish Requests for Proposals (RFPs) for projects that it deems particularly relevant and impactful to the ecosystem. In addition, users can use CTSI tokens to signal approval or disapproval of grants proposed in order to influence what is being funded and built on Cartesi technology. This allows users to easily connect with builders in the Cartesi ecosystem, potentially even independently collaborating with any of these projects.
What Is CTSI?
CTSI is a cryptocurrency token used by users in order to signal approval or disapproval of grants that are proposed within Cartesi’s decentralized ecosystem through its new governance function. By harnessing CTSI tokens, community members are able to actively participate in building out various aspects of the Cartesi platform while at the same time providing valuable feedback which can further improve upon grant proposals submitted by developers looking for funding from both private entities as well as public institutions.
What Is Rollups?
Rollups refer specifically to an application-specific execution layer that elevates simple smart contracts into decentralized Linux runtimes allowing developers more scalability when coding decentralized logic with preferred languages and software components. As part of this system, all data is kept off-chain so there’s no need for additional blockchain space which helps reduce transaction fees even further than what was possible before due to increased efficiency gained through Rollups technology integration into existing platforms like Ethereum, Solana etc..
Conclusion
The launch of Cartesis Community Grant Program marks an important step towards decentralizing their platform while making it easier than ever before for developers looking for financial support as well as advise necessary in order make sure that their projects become successful within this rapidly evolving industry landscape. With CTSI tokens playing an important role in signaling approval or disapproval on grant proposals submitted by hopeful entrepreneurs seeking funds from both private companies as well public institutions alike; all sides stand benefit from increased collaboration between users who want take active part building out various aspects related this groundbreaking technology space!