Stellar Community Fund Launches $10 Million Open Funding Program for Soroban Projects

Stellar Development Foundation (SDF) has unveiled a groundbreaking initiative with its Stellar Community Fund (SCF). This $10 million grant program is specifically designed to foster innovation and development within the Stellar ecosystem, focusing on projects related to , the newly developed smart contract platform on Stellar. Starting from February 13th, 2023, SCF will provide support to developers exploring the potential of Soroban, offering them an opportunity to experiment and contribute to this cutting-edge technology.

Supporting Soroban Innovation

As part of this extended program, developers can receive of up to $150,000 based on the scope and scale of their projects. Following the initial launch in February, the program will continue with monthly rounds, allowing potential candidates multiple chances to submit applications in preparation for the Soroban mainnet launch, expected later this year.

Soroban's Potential

Soroban, the smart contract platform, is tailored for scalability, access to financial resources, and a seamless development experience on Stellar. The platform's open ecosystem is poised for growth and is well-funded, thanks to the Soroban Adoption Fund, which boasts a $100 million commitment to support Soroban developers. It is anticipated that Soroban will be introduced to the Stellar Mainnet in the first half of 2023.

Who Can Apply

The Stellar Community Fund is open to a diverse range of applicants, from individual developers to startups, long-standing companies, educators, and community coordinators. The upcoming application deadlines for the next four rounds are as follows: March 12th, April 9th, May 7th, and June 4th, 2023. Interested developers and startups can submit their applications on the website.

About Soroban

Soroban is a purpose-built smart contract platform offering developers scalability and access to financial resources through Stellar. This open ecosystem is expected to revolutionize the world of blockchain technology. To learn more, visit the Soroban website.

About Stellar Development Foundation

Stellar Development Foundation (SDF) is a non-profit organization dedicated to supporting the growth and development of Stellar, an open-source blockchain network that connects the global financial infrastructure. Established in 2014, SDF contributes to maintaining the Stellar codebase, fosters technical and business communities within the network, and collaborates with regulatory bodies and institutions. The foundation's mission is to create equal access to the global financial system, leveraging blockchain technology.

If you're a developer or startup looking to make your mark in the world of blockchain and smart contracts, the Stellar Community Fund's new initiative could be your ticket to innovation and success within the Stellar ecosystem. Don't miss the opportunity to be a part of this exciting journey. Apply now!

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