Core Foundation Launches $5M Innovation Fund for Blockchain Projects in India

Core Foundation has taken a major step in India, launching the India Innovation Fund that intends to invest $5 million to help grow innovative blockchain projects across the nation. The excitement that followed the foundation’s announcement in March was palpable, and many projects are already underway. ETH Mumbai and strategic partnerships with some of the premier VCs have all demonstrated this commitment to catalyzing Web3’s growth and supporting the mighty builders, creators, and founders that fuel its rise.

Core Foundation has launched the India Innovation Fund, investing $5M to support innovative blockchain projects across the country.

Ready to push the boundaries of Web3 in the region? https://t.co/yIzgAI1FAB pic.twitter.com/IQxKXCINhz

— Core DAO 🔶 (@Coredao_Org) May 17, 2024

Core Foundation Invites Applications for Innovation Fund

There are also exciting new commitments and ventures in the works. In conjunction with GravitOn for their V2 Cohort, Core Foundation commits to providing top-tier help and resources on selected projects. In addition, the Ambassador Program builds a movement, looking for Community, Technical, and Student Ambassadors to sign up and create a difference.

As far as India is concerned, the potential is bright. Regional hackathons, college workshops, and impressive events are on the way. A wave of fascinating DApps is ready to connect to the Core chain, and the Core Foundation is ready to meet this new demand. The Web3 domain has been set up for exponential growth with community efforts and maker perks.

The India Innovation Fund from Core Foundation is now accepting applications. Whether you’re a one-year pilot or involved in the thrilling and engaging Core Ignition Drop, there is no better time than now to get started with the Core Foundation team.

India Innovation Fund to Empower Decentralized Growth

The great future lies in store as Core Foundation leads Web3 innovation in India. The India Innovation Fund’ has brought decentralized growth and empowerment into striking distance. A layer-one blockchain for EVM-Compatible smart contracts connected by the Core blockchain network with Bitcoin as its power. Bitcoin accounts for 50% of the Core blockchain network’s security, which mining hash power provides in return for unlocking Bitcoin’s utility and rewards.

The most Bitcoin-aligned EVM blockchain is Core. It features BTCfi, Bitcoin staking, and much more. With a groundbreaking breakthrough, the community has multiplied, with 2.2 million Twitter followers and 250k Discord members, among others, millions of Core adopters, over 15 million distinctive addresses. In addition to this, a large 23 million transactions have been registered since its manne launch in January 2023.

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