IOTA

TL;DR: A new round of IOTA Grants has been announced, with 26 out of 99 applications receiving funding totaling $2,894,000. DeFi categories represented by the projects range from lending and NFT marketplaces to SocialFi and tooling.The IOTA Ecosystem DLT Foundation&#39;s Grants Program remains dedicated to fostering innovation across various digital asset projects. Moving forward, updates will be done more frequently to keep things concise and timely.&#x1f4a1;The Grants Program in Numbers (as of June 26, 2024)Applications Received: 102Grants Awarded: 25Total Granted: $2,744,000<h2 id="header-0">Grant Recipients</h2><h3 id="iolend">ioLend</h3>Category: LendingX: <a href="https://x.com/iolendfi" rel="noopener noreferrer nofollow">&#64;iolendfi</a>ioLend is a pioneering Decentralized Finance (DeFi) platform focused on optimizing lending and liquidity. It aggregates yield opportunities across the network, enabling users to maximize returns through various strategies. The platform features yield-bearing collaterals and advanced risk management methodologies. ioLend supports diverse assets and integrates with Liquidity Pool markets, boosting liquidity and enhancing Total Value Locked within the IOTA ecosystem.<h3 id="strong-eco-forge-chronicles-strong">Eco Forge Chronicles</h3>Category: NFT MarketplaceEco Forge Chronicles is a trade-to-earn platform that uses Eco-Bound Tokens to promote ecosystem sustainability and user engagement. It allows projects to offer rewards that bind users to their ecosystems without depleting resources. The platform features common NFT standards and a mechanism for redeeming NFTs for digital goods. Eco Forge Chronicles aims to create a dynamic, sustainable, and engaging ecosystem where users can earn and contribute to the growth of projects through trading and redeeming NFTs.<h3 id="protico">Protico</h3>Category: SocialFiWebsite: <a href="https://protico.io/" rel="noopener noreferrer nofollow">protico.io</a> / X: <a href="https://x.com/protico_io" rel="noopener noreferrer nofollow">&#64;protico_io</a>Protico is a DePIN-based social x data network that fosters social impact and profitability for both users and brands. It introduces the &#34;Web3 Lobby,&#34; a universal community layer enabling brands to create native community spaces and connect with Web3 identities in a decentralized manner. Protico’s infrastructure, linked to a decentralized data storage network, provides GDPR-compliant user data.<h3 id="peppy">Peppy</h3>Category: PerpetualsWebsite: <a href="https://www.peppy.finance/" rel="noopener noreferrer nofollow">www.peppy.finance</a> / X: <a href="https://x.com/Peppy_finance" rel="noopener noreferrer nofollow">&#64;Peppy_finance</a>Peppy Finance aims to develop a “degen-themed” <a href="https://docs.symm.io/" rel="noopener noreferrer nofollow">SYMMIO</a>-integrated frontend tailored to retail users. Unlike the current SYMMIO frontends designed for professional traders, Peppy will offer a seamless and engaging experience by leveraging iGaming and online gaming design principles. This new UI aims to simplify the trading process, attract and retain retail users, and enhance their interaction with SYMMIO&#39;s perpetual exchange infrastructure.<h3 id="tokenlabs-tools-audit">TokenLabs.Tools Audit</h3>Category: Tooling / OtherWebsite: <a href="https://tokenlabs.network/" rel="noopener noreferrer nofollow">tokenlabs.network</a> / X: <a href="https://x.com/TokenLabsX" rel="noopener noreferrer nofollow">&#64;TokenLabsX</a>TokenLabs.network is a no-code Web3 platform designed to democratize the creation and management of ERC20 tokens. It offers a secure, transparent, and user-friendly ecosystem for creating, managing, and auditing tokens without advanced technical knowledge. Previously, TokenLabs received a grant to support its development, details of which you can <a href="https://blog.iota.org/iota-grants-program-recap-1/" rel="noopener noreferrer nofollow">read here</a>. This new grant will ensure their platform adheres to security standards.Check out the previous Grants Update <a href="https://blog.iota.org/iota-grants-update-recap-2/" rel="noopener noreferrer nofollow">here</a>.

IOTA Grants Update Recap III

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