There’s no doubt that Ethereum has seen a significant popularity growth during the last couple of weeks, with some miners even expanding their operations towards mining Ether.

According to recent reports, String Labs, an autonomous financing project has announced that it has begun accepting proposals from developers that want to innovate in the Ethereum market, for grants.

According to the startup, the program is open for all sorts of open chain finance projects, as a way of encouraging support for initiatives, and simply promoting Ethereum and the services that it offers. Developers who are interested in some help have the possibility to apply for grants that range from $2,000 and go as high as $10,000.

It’s important to keep in mind however, that to be eligible to apply and get the grant, the project should be open source under an MIT-like license and run on the Ethereum public chain. Together with this, to have chances of being accepted, the Ethereum project should also have goals set for the next year. Projects that have their whitepaper at hand, or have already begun writing their code will be given an advantage over the rest.

The CEO of String Labs, Tom Ding, mentioned that the grant does not require equity or serve a commercial interest. He also went ahead and stated that they’re most interested in projects involving mobile wallets, P2P DApp stores, smart financial protocols, financial exchange clients and more.

According to Ding, “The first batch of grants deadline will be Jun 31st, 2016. Each grant will be reviewed and awarded on a rolling basis”.

As the project is currently released to String Labs’ DAO, which is a mirror asset and credit systems, in the future, they may also pay out projects via DAO tokens.

Based on everything that has been outlined so far, what do you personally think about the initiative, meant to encourage Ethereum development and growth? Let us know your thoughts in the comment section below.

Source: EconoTimes

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