The Waves team is glad to announce that Waves Labs, a blockchain technology incubator previously focused on supporting ICO projects, relaunches as an initiative for supporting talented developers and promising startups building on decentralised technologies. Moreover, one million WAVES will be distributed within company’s grant program.
Waves Labs was originally launched in late 2017 to help highly promising projects prepare for token sale. For a number of carefully-selected projects, Waves Labs ran a tailored ICO incubation program. That strategy was completely in line with the way the crypto space was developing at the time, with ICOs at the peak of their popularity. The Waves Labs team ran a number of major crowd sales and Waves ended up in solid second place as a token issuance platform, behind only Ethereum in the number of ICOs and tokens launched.
“Waves Labs is shifting its focus to special initiatives aimed at helping as many Waves-based projects as possible. Our goal is to support talented developers and promising startups focused on building the decentralised technologies that will form the backbone for Web 3.0,” says Sasha Ivanov, Founder and CEO of Waves Platform. “Waves Grants will debut as a relaunch of Waves Labs’ initial vision. Our grant program is aimed at those who are interested in building new products based on Waves technologies and within platform’s ecosystem. By facilitating development of solutions built on Waves, we also aim to promote mass adoption of blockchain on a global scale. Blockchain for the people – just as I always said.”
Decisions concerning grant recipients will be made by a committee within Waves, which will feature representatives of the company’s various divisions. One million WAVES will be earmarked for the program, which is carried out in collaboration with Waves’ Developer Relations Department. Waves Labs aims to make the grant issuing process as transparent as possible and will publish regular updates about grant recipients.
Individual developers and teams are welcome to apply for grants to work on one of the use cases suggested by Waves Labs, or suggest their own ideas related to Waves technologies and products.
Currently suggested use cases include solutions for crypto and token payments, regulated tokens, escrow payment solutions and research into the application of Waves products for conventional loyalty programs.
This list will be constantly updated, including suggestions from the community. To learn more about Waves Grants program and apply, visit https://waveslabs.com/grants.html.
Waves is a global blockchain platform launched in 2016. Waves’ mission is to build a blockchain ecosystem that allows users to address a wide range of real-world problems. The Waves team is creating a blockchain infrastructure with easy-to-use tools for individuals, developers and businesses. In April, 2017, Waves successfully launched its DEX (decentralised exchange), a fast and safe tool for trading the most popular cryptocurrencies. In late 2017 Waves-NG protocol was activated, enabling unprecedented throughput of up to 1,000 tx/s, whilst reducing transaction confirmation times to just seconds. As the first stage of Waves Turing complete Smart Contracts launch, in September, 2018, Smart Accounts became available on the Waves Platform followed by Smart Assets in January, 2019.