Ambrosus Core Launches a $10M Developer Grant Program

Ambrosus Core, the technical foundation of Ambrosus Ecosystem, a fast-growing blockchain network for the Internet of Things (IoT) and supply chain has launched a $10 million developer grant program for building dApps, NFTs, and DAOs on the Ambrosus blockchain. The seven-figure developer grant will be divided into three categories: Startup entrepreneurs looking to launch a dApp on the AMB-NET. Open-source developers who are building open-source products on top of AMB-NET. And lastly, educators who produce informative content to lure participants into the Ambrosus Ecosystem. “We are proud of the functional, dependable and competitive blockchain we’ve developed, now we want to help onboard new developers and assist them with building their new exciting projects on AMB-NET.” Igor Stadnyk, Chief Technical Officer at Ambrosus Core. Ambrosus’s DeFi ecosystem has recently seen an all-time high in total value locked (TVL) of over 310 million AMB as a result of its newly launched staking platform. Users only need a minimum investment of 1000 AMB with benefit upto to 35% annual percentage yield (APY) in rewards. Ambrosus is a Layer 1 EVM-compatible blockchain protocol providing scalability, zero-knowledge proof data security. The platform can be easily integrated into existing IoT devices and IT systems to digitize supply chain processes. Ambrosus is specially optimized for IoT data transactions and supply chain management to improve upo...