Wanxiang Blockchain Labs BlockGrant X Sponsorship Program Announces First Phase Results, Totaling $100,000

In order to better support the development of the blockchain industry and its open source community, Wanxiang Blockchain Lab launched a sponsorship program called "BlockGrantX" in November 2015. The first phase of the sponsorship program (BlockGrant X #1: Genesis) received a total of about 30 applications. Due to the large number of applicants in the first phase and many high-quality projects, the review committee composed of experts from different industries around the world decided to increase the total sponsorship amount of the first phase to US$100,000.

There are 9 winning projects in this issue, some of which are built on Ethereum or independent platforms, and some are not dependent on specific blockchain platforms, which means that these projects can be integrated into other blockchain platforms.

The specific sponsorship bonus is determined by the evaluation committee based on the applicant's application and the workload of the project. The first phase sponsorship amount will be paid after communicating with the winner, while the second and third phase sponsorship amounts will be paid based on the completion of the corresponding tasks.

Wanxiang Blockchain Labs hopes that by funding these open source projects built on different blockchain platforms, everyone in the blockchain community can share in the potential progress. By supporting these projects, Wanxiang Blockchain Labs has demonstrated our determination to develop the blockchain industry as a whole. We will continue to support development and innovation from within the industry.