Six Projects Make Mintbase, Near Protocol $5M Grants Programme List
Six projects have been approved by Mintbase to get grants in a round created in partnership with Near Protocol and led by engineers to give support to developer-led projects.
Mintbase is giving out $600,000 in 2022 from $5 million dollars available in grants. The grants programme will run into 2023 when more funds will be released, Mintbase said, noting that small projects that do not require large funds were prioritised in order to allow more projects to be funded.
Exciting news! We've funded the first six projects of the Mintbase grants program, in partnership with @NEARProtocol.
Let's dive into what they're building: pic.twitter.com/C5Bf3B8o3M
— Mintbase 🌿 (@mintbase) November 14, 2022
The first six projects were announced from 31 projects that were invited to pitch from 50 applications. The projects are Rentverse, a tool for users to rent or hire utility NFTs in a collateral-free approach; Allie’s Marketplace, a platform which provides NSFW creators with user-friendly market place; Automat helps users mint NFTs in batches with use cases in ticketing and membership; Vardavault is a tool that lets you add unlockable content to NFTs; QSTN enables users to participate in surveys and earn credits that can be spent in its native marketplace; The Everything Projects allows users to upload real life items and aims to solve inefficiencies in secondary product markets through NFT provenance.
The quality of all submissions was really impressive – both in terms of use cases and technical abilities. We’re confident we’re seeing the next wave of innovation in Web3, Mintbase told Arweave News.
Mintbase had said it believed that the best way to build sustainable products is by focusing first on engineering. Mintbase said engineers are leading the grants programme because it prioritises quality codes over beautiful landing pages; it ensures the right questions are asked; it understands the technicalities of building Web3.
We might not get every project right, but we’re confident we’re adequately filtering the teams that can deliver, Mintbase said in a tweet.
Projects will be supported with funding, community and technical assistance and potential access to investors, Mintbase told Arweave News.
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