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Home Fintech Fuse Launches $10 Million Grant Initiative to Fuel Innovation in Web3

Fuse Launches $10 Million Grant Initiative to Fuel Innovation in Web3

Fuse Network aims to foster innovation by removing barriers and providing easy access to streamlined Web3 payment solutions.

The $10 million grant initiative by Fuse seeks to propel the evolution of Web3 technology to meet global business requirements.

Focused on empowering Web3 and advancing mainstream adoption, this program streamlines non-custodial consumer fintech applications for efficiency and reliability.

The Web3 Business Grant Program welcomes applications from various sectors, including businesses enhancing user acquisition strategies through Web3 communities, fintech firms implementing non-custodial mobile solutions, companies digitizing consumer clubs or creating digital loyalty, fintech addressing payment-related challenges like unbanked communities, digital identities, or currency volatility, and CEXs exploring non-custodial wallet solutions. It also caters to Web3 startups requiring a resilient EMV-compatible network with fee sponsorship (gasless transactions), business apps crafting branded stablecoins for enhanced brand visibility, local payment solutions eyeing global expansion, and other creative use cases benefiting from Web3 technology.

Mark Smargon, CEO and Co-Founder at Fuse, stated, “Fuse is dedicated to cultivating a thriving Web3 innovation ecosystem. Our grant program reflects our commitment to providing essential resources for businesses to flourish in the Web3 landscape.”

The Web3 Business Grant program, with its tailored ecosystem and infrastructure, offers a stablecoin-focused payment system, enabling businesses to navigate blockchain intricacies effortlessly. This system ensures rapid, cost-effective global transactions, liberating businesses from vendor lock-in through open-source API/SDKs and a standard EVM blockchain environment.

Participants in the Web3 Business Grant Program will gain exclusive access to Fuse Network’s tailored ecosystem and robust infrastructure. Successful applicants will receive grants to facilitate the development of pioneering payment systems.

Ira Lakhman, Chief Operations Officer at Fuse, expressed enthusiasm about the initiative, stating, “I believe that the future of payments lies within Web3, and Fuse is driving that future. Our grant program reflects our commitment to supporting projects that harness decentralized blockchain technology’s potential.”

Fuse’s Web3 Business Grant Program encourages businesses worldwide to apply by reviewing the criteria outlined on the Fuse Web3 Business Grant website and submitting their applications.

Successful applicants can expect a final decision within two weeks after submission.

Fuse Network remains dedicated to revolutionizing Web3 payments through innovative solutions and grant initiatives, positioning the company as a leader in simplifying blockchain-based payments for businesses globally.

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