IOST Unveils a 100 Million Dollar Fund to Foster the Growth of an EVM Multi-Chain Ecosystem

The IOST Foundation, a blockchain technology application platform, announced the launch of a $100 million EVM Developer Incentive Fund with Big Candle Capital and other investors aimed at fostering the development of the EVM multi-chain ecosystem. Big Candle Capital (BCC) plans to focus on supporting projects at various stages of development on DeFi, NFT, GameFi, Web 3, and Metaverse-based DApps. The newly announced 100 Million Dollar Fund under Project Entroverse targets developers worldwide, consisting of the “New Ecosystem Fund” and the “Accelerator Fund”. The New Ecosystem Fund will be used to expand IOST’s on-chain applications, mainnet infrastructure, and tools. The Accelerator Fund will provide capital, FA, and incentive bonuses to development teams and projects through IOST.