Announcement from the Web3 Foundation or integrating projects

Web3 Foundation Launches $65 Million Prize for Polkadot JAM Protocol with 10 Million DOT Fund

Jun 14, 2024, 05:12 PM

The Web3 Foundation has launched a $65 million prize pool to support the development of the JAM protocol, a significant upgrade for the Polkadot ecosystem. This initiative, known as the JAM Implementers’ Prize, aims to incentivize teams and projects to advance blockchain architecture, with a fund of 10 million DOT. The JAM protocol was recently approved by the Polkadot community through the OpenGov platform.