Fuse Network, a prominent Web3 payment provider, has introduced a $10 million Business Grant Program for Web3 startups, aiming to facilitate global businesses by offering crucial funding and infrastructure for enhanced access to Web3 payment systems.
The network, founded in 2019, operates as an EVM-compatible, decentralized public blockchain dedicated to enabling seamless and cost-effective crypto payments. It supports projects in DeFi, NFTs, and gaming, contributing to the mainstream adoption of Web3 payments.
The $10 million Grants Program is designed to empower Web3 startups globally, simplifying the complexities associated with the development of Web3 payment infrastructure. Mark Smargon, Co-founder and CEO of Fuse Network, emphasized the program’s commitment to fostering a thriving ecosystem for Web3 innovation.
Ideal Candidates can Apply for Fuse Network Web3 Grant
The initiative welcomes applications from Web3 startups, specifically those focused on establishing consumer clubs, loyalty programs, non-custodial mobile solutions, and centralized exchanges seeking non-custodial wallet solutions.
Web3 startups seeking an EMV-compatible network, business apps aiming to build branded stablecoins, and local payment solutions aspiring to expand globally are also encouraged to apply.
In addition to potential financial support, selected businesses stand to benefit from technical mentorship, marketing support, and robust infrastructure provided by the Fuse Network. The program aims to cultivate innovation within the African Web3 ecosystem, offering financial support to entrepreneurs and businesses while promoting economic empowerment, job creation, and entrepreneurship.
The grant program’s impact extends to mainstream adoption of Web3 payments in Africa, fostering a tech-savvy culture and enhancing financial inclusion. Open to global applicants, the program encourages collaboration between African businesses and international entities, facilitating knowledge exchange and cross-cultural initiatives.
For African applicants, global visibility is a key outcome, attracting investments, partnerships, and expansion opportunities, thereby strengthening the reputation of the African Web3 space.