TRON DAO aims to strengthen Elite Blockchain Startups

Geneva, Switzerland, 20 December 2022, Chainwire

TRON DAO Ventures (TDV) exists to discover elite startups, invest deeply, optimize strategically, then exit in an empowering moment.

The TRON DAO Ecosystem fund intends to define decentralization, and TRON DAO recently announced the launch of TDV as part of this effort. TRON DAO has been actively searching for new development teams and startups interested in creating decentralized applications on the TRON blockchain. Existing projects built on other Layer 1 blockchains that have thriving communities and established MVPs are also desired. TDV was launched to support the best of both – the elite teams #BUIDLING in the TRON ecosystem AS WELL as the proven projects able and willing to build a synergistic bridge into the TRON ecosystem. TRON DAO leaders believe in a decentralized, multi-chain future with seamless interoperability. For projects built on other Layer 1 blockchains, the chance to coordinate strategically for cross-chain functionality is ideal and will spur industry innovation towards mass adoption and recognition.

The purpose of TDV is to invest in promising blockchain startups, mentor and partner with them, optimize their efforts, and then exit once the project team is empowered for the next stage of growth. TRON demonstrated its commitment to decentralization in December 2021 when it transitioned to become one of the largest community-managed DAOs. Now they hope to strengthen entrepreneurial work with like-minded dedication. Their goal is to invest across a wide range of categories, all of which exist to develop blockchain-based tools via DeFi, GameFi, NFT, DAO and Web3 experiences.

All applicants who submit to TDV will be assessed on a case-by-case basis. While the deployment of funds currently averages between $100K to $250K USD per project, the TDV team is open to negotiating more significant funding agreements when deemed appropriate. The expectation for applicants is to have a long-term vision for TRON-based development with a strategic perspective to benefit other TRON projects as well as TRON users. Incorporation of TRON-based tokens, inclusion of other TRON ecosystem dApps and tools, integration of USDDor involvement of BitTorrent chain would be a big plus.

An example of a “perfect fit” for TDV would be projects in later stages:

• Built on any Layer 1 (including but not limited to TRON)
• With an MVP, Testnet or Beta ready
• Previous pre-seed funding already with $500,000+ raises
• Already with committed investors
• To think they would have strategic synergy with the TRON ecosystem

45 projects have already applied for TDV funds and are being assessed. If you are interested, use this one link.

If there are projects that wish to apply for funds that are in the pre-launch phase or in too early a phase for larger grants, it is alternative financing options through other programs in the broader Ecosystem Fund.

For more information and explanation about TDV, listen to the latest episode of Around The Block Podcastwhere TRON DAO executives explored the purpose of TRON DAO Ventures and further explained the process of application and approval.

About TRON DAO

TRON DAO is a community-run DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by HE Justin Sun, the TRON network has continued to deliver impressive performance since its MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users. The TRON network has gained an incredibly good hold in recent years. As of November 2022, it has over 130 million total user accounts on the blockchain, more than 4.4 billion total transactions and over $9.7 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins worldwide, surpassing USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-secured decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first crypto reserve for the blockchain industry – the TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. As recently as October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, marking the first time a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s approval to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, has received statutory status as an authorized digital currency and medium of exchange in the country.

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Contact

Media contact
Hayward Wong
[email protected]