New York, New York, December 13th,
2024,
XION, the first walletless layer one
blockchain, and Thrive Protocol, the industry leader in
ROI-positive capital allocations today announced the launch of a
one-of-a-kind 12.6 million dollar funding program aimed at
accelerating mainstream adoption of Web3 through comprehensive
builder support.
The program, named the "Anti-Grant-Grant Program," seeks to
address the limitations of traditional blockchain grant models by
prioritizing sustainable builder growth, utility development, and
innovation within the XION ecosystem. The initiative is designed to
incentivize developers to create practical, real-world applications
leveraging XION’s blockchain technology.
Unlike conventional grant systems, the program adopts a
structured approach to ensure accountability. Mercenary
developers who accept funds without delivering on their intention
to build will be featured on XION’s Wall of Shame – a deterrent to
others who plan to do the same.
"We hate crypto grants. It’s simple. Said Burnt Bansky,
Core Contributer to XION. The industry has given them a terrible
connotation, and it’s hurt promising builders the most. Through
this initiative, we’re excited to work with Thrive to support
talented entrepreneurs as they take their first step into the XION
ecosystem."
Thrive Protocol, which has successfully collaborated with
platforms such as Arbitrum, Polygon, and Hedera, will bring its
proven proof-of-value (POV) mechanism to the program. This
methodology leverages a decentralized network of expert reviewers
to evaluate the impact and feasibility of projects, ensuring
efficient capital allocation.
“At Thrive, we make sure builders get paid for creating
enormous value—and we help well managed treasuries deploy funds
even more efficiently. Our partnership with XION delivers upfront
funding for builders, proof-of-value for XION, and clear ROI for
everyone. Builders win. XION wins. Crypto levels up,” Daniel
Jacobs, Founder, Thrive Protocol.
The program launches on December 13, 2024, and invites
developers to apply via thrivexion.com.
Applications will be evaluated based on criteria including their
potential to drive Web3 adoption, technical feasibility, and
alignment with XION’s mission of simplifying blockchain technology
for everyday users.
This initiative builds on the success of XION’s mainnet launch
and underscores the platform’s commitment to supporting a thriving
ecosystem of builders and applications that contribute to genuine
user engagement.
About XION
XION is the first walletless layer one
blockchain purpose-built for consumer adoption through crypto
abstraction. Utilizing protocol-level implementations related to
abstracted accounts, signatures, fees, interoperability, and more,
XION enables secure, intuitive, and seamless user experiences. The
project has previously raised over $36M from top-tier investors,
including Animoca, Circle Ventures, Multicoin, Draper Dragon,
Spartan, and more.
About Thrive Protocol
Thrive is the first protocol for proof of value (POV), a
pioneering consensus mechanism that streamlines the crypto funding
process. Thrive’s decentralized network of expert reviewers
validate when value is actually created at key milestones, helping
to make grant and capital allocations more efficient. Thrive
partners with leading chains like Polygon, Abritrum, XION, ApeCoin,
and Hedera to fund builders who are delivering real impact in
crypto.
Contact
M Group on Behalf of
Burnt
burnt@mgroupsc.com