Covalent (CQT) announced a $5 million grant to advance Web3 cutting-edge technologies

Covalent (CQT), a leading brand in the Blockchain and crypto industry, announced a groundbreaking initiative, the Covalent Grants Program, which aims to provide long-term developers and startups in the Web3 space with substantial incentives of up to $25, 000 in a single reward.

The program provides financial support to foster innovation for projects that build with rich, deep, and massive amounts of on-chain data. If you’re a developer who’s passionate about pushing the boundaries of Blockchain, this program is tailor-made for you.

Contribute to Web3 innovation

The Covalent grant program encourages developers to embark on a journey to create breakthrough solutions. The program supports projects in different segments, including:

Multichain Wallets: If you’re building the next generation of Multichain Wallets that simplify user interactions, the Covalent Grant Program can help. Risk Scoring Credit System: If you’re looking to transform your credit scoring system with Blockchain data, the Covalent Grant Program provides support. DAO Analytics Tools: If you’re building tools for Decentralization Autonomous Organizations (DAOs), the Covalent Grant Program can accompany you as you explore the complex world of DAO analytics. On-chain auditing: Innovators in the on-chain auditing space will find the Covalent grant program to be an invaluable resource for streamlining Blockchain finance processes. Predictive Analytics and Artificial Intelligence: If you’re looking for a combination of predictive analytics or artificial intelligence in the Blockchain industry, the Covalent Grant Program is ready to support your groundbreaking work.

Inclusion Criteria

Covalent (CQT) is committed to supporting projects and startups that have the potential to address the challenges of the future. To be selected for the Covalent Grant Program, projects should meet the following criteria:

Less than two years of operation: The project team should have less than two years of operational experience. Covalent API Secret Key: Projects need to register a Covalent API Secret Key. Demonstrable products: Having a demonstrable version of a product is an essential element. Official website is live: Projects must have a website that is publicly available.

Types of Grants

The Covalent Grant Program currently disburses Covalent’s (CQT) product line in the form of premium credit, providing the tools and resources needed to secure project construction. In addition, support is also available for innovative projects that require large data resources.

Prioritize innovation

Covalent (CQT) values collaboration and innovation. Covalent (CQT) will prioritize grant applications from verified partners. Funding is also prioritized according to ease of implementation, with particular priority given to projects that leverage Covalent’s (CQT) existing product line, as well as a passion for supporting ambitious projects that use data from more than 115 blockchains.

Adoption of the application with notification date

Covalent (CQT) will respond to applications quickly, and applicants will be notified within 30 days of the start of the month following the month in which they submit their application to determine whether their project passes the criteria. In some specific cases, applicants may be asked to provide additional information to give the Covalent grant program a better understanding of the project’s potential.

Why Choose the Covalent Grant Program?

In a Blockchain world where resources are scarce and only the most dedicated builders are screened, Covalent (CQT) is committed to supporting innovators driven by passion and vision for the future, unlocking the full potential of projects by providing access to rich data and helping project owners discover new ways to leverage on-chain data.

The Covalent Grant Program is a great opportunity to move innovative projects into practice, providing financial incentives, expert guidance, and access to rich, in-depth, and comprehensive on-chain data.

Join the grant program and shape the future of Web3 data solutions www.covalenthq.com/grant together!