The ecosystem development plan worth 50 million dollars has officially launched.

Recently, a $50 million ecosystem development program has officially opened to global developers. The program aims to discover high-quality projects in the Web3 field, providing comprehensive support for developers, promoting innovation and development of the OP Stack ecosystem, and facilitating rapid growth of application layer and on-chain users.

The blockchain network behind this plan adopts OP-Stack technology, aiming to improve transaction efficiency and reduce costs, providing users with a higher quality experience. OP Stack is an open-source development framework consisting of various software components, used to create interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize Layer 2 networks according to their needs, thereby connecting to Ethereum and sharing its security and resources.

The development plan is primarily aimed at ecological projects that are planned or have been deployed to the network. In the first phase, $10 million worth of native tokens will be distributed to developers, and future funding will be based on the quantifiable milestones of the projects. These tokens will serve not only as the network's native tokens and Gas tokens but also for various business scenarios throughout the ecosystem.

In addition to financial support, the program will also leverage the multifaceted advantages of the ecosystem and its partners, a global investment layout, and rich experience in blockchain projects to provide more comprehensive ecological resource support for developers and quality projects.

The plan will focus on supporting high-quality projects and developers in sectors such as RWA, PayFi, stablecoins, and BTCFi. The RWA sector originates from the narrative of large-scale adoption, and its market size has significantly increased in recent years. Key factors driving this growth include the trend of tokenizing traditional financial assets and the demand from investors for higher liquidity and transparency. Essentially, PayFi and stablecoins also belong to the RWA sector, but the interaction methods are different.

As a global financial center, Hong Kong provides a favorable environment for RWA tokenization innovation. The network is based in Hong Kong and aims to bring high-quality financial products from traditional financial institutions into the blockchain world, starting from compliance.

The CEO of the network stated: "We look forward to seeing more individuals, teams, and organizations who are confident about the prospects of the cryptocurrency industry join our ecosystem. We hope to collaboratively build a prosperous and open Web3 ecosystem, creating phenomenal application products that can have real traffic across multiple mainstream public chains, and in the process, achieve corresponding returns."

The application period for the first phase development plan is from December 10, 2024, to January 10, 2025, with the selected list to be announced on January 20. The selected project teams will receive non-dilutive funding, technical guidance, collaboration opportunities, and the chance to participate in activities such as hackathons.