Safety netpayment infrastructure pioneer Web3, recently disclosed its $10 million Web3 Business Grant Programdesigned to support global businesses by providing essential funding and infrastructure for improved access to Web3 payment systems.
This initiative aims to empower businesses around the world by simplifying the complexities associated with developing Web3 payment infrastructure. The Fuse Network aims to facilitate innovation by removing barriers and facilitating easier access to streamlined Web3 payment solutions.
Details
Fuse’s $10 million grant initiative aims to drive the evolution of Web3 technology and meet global business needs. Focused on powering Web3 and driving mainstream adoption, this program simplifies non-consumer fintech applications, ensuring efficiency and reliability.
The Web3 Business Grant Program invites applicants from various sectors, including businesses seeking to enhance their user acquisition strategies through Web3 communities, fintech companies aiming to implement non-custodial mobile solutions, companies looking to digitize their consumer clubs or build digitized loyalty , fintechs addressing various pain points related to payments such as unbanked communities and digital identities or currency volatility, CEXs exploring non-custodial wallet solutions, Web3 startups requiring a resilient charge-sponsored EMV-compliant network (gas-free transactions) , business applications interested in creating branded stablecoins for enhanced brand visibility, local payment solutions looking to expand globally, and many other creative use cases that can benefit from Web3 technology.
Digging deeper
With a custom ecosystem and infrastructure, the Web3 Business Grant program offers a stablecoin-centric payment system, allowing businesses to navigate the intricacies of blockchain effortlessly. This system ensures fast, cost-effective and global transactions while freeing businesses from vendor lock-in through open source APIs/SDKs and a standard EVM blockchain environment.
Web3 Enterprise Grants Program participants will gain exclusive access to Fuse Network’s custom ecosystem and robust infrastructure. Successful applicants will receive grants designed to facilitate the development of innovative payment systems.
Security Web3 Business Grant Program encourages businesses worldwide to apply by considering the criteria outlined in the security Web3 Business Grant website and submitting their applications. Successful applicants can expect a final decision within two weeks of submission.
What they say
“Fuse is committed to fostering a thriving ecosystem for Web3 innovation,” he said Mark Smargon, CEO and Co-Founder at Fuse. “Our grant program is a testament to our dedication to providing essential resources for business growth in the Web3 landscape.”
Also commenting on this landmark initiative, Ira Lakhman, Chief Operations Officer at Fuse enthused, “I believe the future of payments is in Web3 and Fuse is leading that future. Our grant program reflects our commitment to supporting projects that leverage the potential of decentralized blockchain technology.“
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