Proof of-work (PoW) blockchain Kadena has sent off a $100 million award program to support Web3 advancement on its foundation, possibly making the way for more use cases for the layer-1 convention.
The award program is an augmentation of Kadena Eco, a drive intended to become the Kadena biological system through the advancement of gaming, metaverse, nonfungible tokens (NFTs), decentralized finance (DeFi) and Web3 projects.
Web3, which has turned into a kind of catch-all expression for the following cycle of the blockchain-controlled web, has gotten significant consideration from investors. Cointelegraph as of late given an account of the send off of two Web3 engineer assets from crypto trades KuCoin and CoinDCX esteemed at $100 million and $135 million, separately.
In the mean time, decentralized hub suppliers are moving forward to give the foundation expected to progress Web3 functionalities. Nonetheless, the opposition is steep as inheritance Web2 suppliers, including Amazon Web Services, Azure and Infura, have arisen as the early framework players in the Web3 economy.
To help Web3 improvement on its foundation, Kadena offers adaptable design and brilliant agreements supported by a PoW agreement component called Chainweb. Hypothetically, Chainweb upholds high exchange throughput without conveying layer-2 scaling arrangements.
Kadena’s native cryptocurrency, KDA, is positioned in the main 100 on CoinMarketCap with an all out capitalization of generally $925 million at the hour of composing. KDA mobilized pointedly recently following the send off of another interoperability convention and a Binance posting.
Source : https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/public-blockchain-kadena-launches-100m-web3-grant-program/amp?usqp=mq331AQKKAFQArABIIACAw%3D%3D&_js_v=a9&_gsa=1#referrer=https%3A%2F%2Fwww.google.com&csi=0&share=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fpublic-blockchain-kadena-launches-100m-web3-grant-program%2Famp%23referrer%3Dhttps%3A%2F%2Fwww.google.com%26csi%3D0