Worldcoin Foundation Launches World Chain Grants for Blockchain Innovation

In April, the Worldcoin Foundation has made several crucial advancements in the field of blockchain technology. One of them is the launch of Wave1 of the Community Grants Program, the grant call for novel ventures that use the blockchain to promote social good. The other one is the introduction of the World Chain, a new blockchain platform that emphasizes user reach and ease of use.

Calling all World Chain builders.https://t.co/3Ng5wC8EIT

— Worldcoin (@worldcoin) May 1, 2024

Worldcoin Foundation Boosts Innovation with World Chain Grants Category

The two announcements represent a major leap for the Worldcoin Foundation, given its objective of promoting disruptive technology that ushers positive change in the blockchain industry. Nonetheless, the one unique thread that run across the two announcements is the launch of the new World Chain category under the Worldcoin Foundation Community Grants Program.

The World Chain category under the community grants program aims to benefit projects that would facilitate the expansion and scalability of World Chain and a better user experience for those on the platform. Some of the key areas under this category include innovation and upgrading of infrastructure, digital solutions for digital identity, ecosystem expansion, and decentralized governance trials.

Another important goal within the World Chain category is building solutions and infrastructure that simplify the development process builders undergo when working with World Chain. Providing developers with a sophisticated arsenal of necessary tools and resources is aimed at stimulating innovation and developments within the World Chain ecosystem and reducing the efforts necessary to achieve this innovation and growth.

Worldcoin Foundation Seeks Community Initiatives to Expand World Chain Ecosystem

World Chain also prioritizes digital identity. Projects and research efforts that focus on development and improvement of World ID will not remain without financial support. The financial incentive will stimulate the development and enhancement of World ID to increase accessibility and efficiency for people to be able to control and communicate their identity to applications built on World Chain.

In addition, the Worldcoin Foundation wants World Chain to grow the ecosystem. They are looking for community-driven projects or events that will help introduce World ID and World Chain to the whole world to provide with the funds. This criterion is aimed to help World Chain entering new areas and involve as many people as possible in the blockchain community.