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Meet the Winners of the Fifth Batch of Cronos Ecosystem Grants
October 19, 2022
MINS
Cronos Labs is supporting seven projects with its latest grants, including OpenLeverage, BitQuery, Kairos, Unmarshal, SubQuery, Hummingbot and Market.
Cronos Grants to Seven Projects
Cronos Labs, the startup incubator of the Cronos Chain, recently released the latest set of protocols that would receive financial aid and mentorship under the Cronos Ecosystem Grants scheme.
The Cronos Ecosystem Grant was set up in December 2021 to support innovative projects building on the chain. In the past year, the grant has run five cycles. In a tweet on Oct. 3, the chain unveiled seven protocols as winners of Batch #5 of the grants program.
We are excited to announce the fifth batch of the Cronos Ecosystem Grants recipients!
— Cronos (@cronos_chain) October 3, 2022
Read on to find out more 👇https://t.co/6kKu9y7ZRf
The Lucky Seven
A total of 180 protocols applied for the fifth batch of funding in the following categories: Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Gaming & Metaverse, Tools & Analytics, Critical Infrastructure, Social Goods and Community Engagement, other Web3 Applications.
Here are the seven projects who won grants:
OpenLeverage
OpenLeverage offers users permissionless leveraged lending and margin trading. The platform took part in Season 4 of Binance Labs' Incubation Program and afterward received strategic funding from Binance Labs. Back in September, OpenLeverage teased its SocialFi concept, which aims to build a Web3-style social network for DeFi protocols and their communities.
BitQuery
BitQuery is a chain-agnostic on-chain data services provider. The platform's suite of APIs, Dashboard Analytics, Explorers, Widgets, etc., enables Cronos blockchain data to be queried, parsed, indexed or stored. In September 2022, BitQuery raised a seed fund of about $8.5 million through prominent investors, including Binance, Pulsar Global, OKX, etc.
Kairos
Kairos is an innovative lending protocol pushing a new use case for NFTs. The protocol permits users to deposit their NFTs as collateral. Currently, Kairos supports the top 10 blue-chip NFT collections, including Bored Ape Yacht Club, Doodle, CryproPunk, etc. If a borrower fails to repay their loans, the platform will put up the borrower's NFT for auction.
Unmarshal
Unmarshal provides decentralized multi-chain data aggregation for NFT, Metaverse, and DeFi applications. The platform is expanding to Cronos Chain, bringing its data API and other products to Cronos.
SubQuery
SubQuery is building an open, fast, and flexible data indexing framework to power Web3. SubQuery supports data indexing across over 100 supported networks and is deploying on Cronos. SubQuery's open-source API will enable Cronos dApps to query blockchain data with fast sync times.
Hummingbot
Hummingbot provides traders with tools to build professional crypto trading bots for arbitrage and market-making. Hummingbot will launch its gateway with utilities for automated arbitrage strategy management, etc.
Market
Market enables a permissionless community-centered lending experience. The platform aims to provide equal lending opportunities for the DeFi community. Users of the protocol earn returns when collateralizing their assets on isolated markets.
The Cronos ecosystem is rapidly expanding, fueled in part by the Cronos Ecosystem Grants initiative. A total of 26 projects have now benefited from the grants, while according to Cronos News, over 200 projects have been built on the chain.
#CronosNews presents the #Cronos landscape infographics for September 19th, 2022 🤩
— Cronos News 🪐 (@NewsCronos) September 20, 2022
Let's take a look at our landscape of the @cronos_chain's projects 👀!
Which of these is your favorite? Let us know 👇#CronosChain #crofam #CRO #FFTB #DeFi #NFTs #GameFi pic.twitter.com/uqtrNyLaQO
What Is Cronos:
Cronos is an Ethereum-compatible layer-1 blockchain network built on the Cosmos SDK technology. The network was designed to scale the decentralized finance (DeFi) sector and user base of the decentralized application (dApps) by enabling developers to instantly port dApps and assets from other layer-1 blockchain networks like Ethereum, Solana, BNB Chain, and Terra.
Where to find Cronos:
Website | Documentation | Twitter | Telegram | Discord | Github
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Related News
Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options
October 2, 2023
This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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