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Aptos Launches Ecosystem Grant Program

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Today’s Cryptocurrency Headline

Aptos, a Layer1 blockchain project established by the original Diem team members, announced the launch of the Aptos Ecosystem Grant Program. 

Funding categories include:

  • Developer tooling, SDKs, libraries, documentation, guides, tutorials
  • Tools and frameworks for development, governance, DeFi, and NFTs
  • Core protocol contributions: token standards, libraries, protocol upgrades, etc.
  • Open source & public goods
  • Education initiatives
  • Applications (e.g. DeFi, NFTs, social networks, gaming, DAOs, payments, bridging)

Grant funds will be distributed in U.S. dollars, though there may be an option to distribute tokens in the future to help incentivize long-term ecosystem growth for all parties, Aptos said. In addition, Aptos announced that 100 projects have been built on the network, with use cases covering DeFi, NFT, games, and more, and is expected to launch the Aptos mainnet around the end of September.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to The Block, FTX walked away from a deal with Celsius after seeing the state of its finances, this will again hit already fragile market confidence. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency fell to an intraday low of $18,592.75, but the price quickly rebounded back above the $20,000 price level during the Asian morning trading hours, suggesting that the $18,500 – $20,000 zone is attractive for the buyers. The bears are likely to pull the price below the psychological level of $20,000 once again, and the bulls must hold the price above this vital level. 

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