Cudos launches a foundation to promote blockchain adoption

London – The Cudos Foundation has launched today to serve as a catalyst for the development and growth of the Cudos blockchain network in support of becoming the foremost leader in decentralized cloud computing. The foundation will act as both a gateway and a destination, bringing together an ever-growing community of Web3 builders and creators based on Cudos’ core principles of sustainability, inclusion and impact. The Cudos Foundation is a support hub for projects, developers and community members focused on providing funding, resources and community initiatives critical to the expansion of Cudos’ blockchain ecosystem.

To stimulate innovation, the Cudos Foundation is launching a grant program to support talented creators and projects that add significant value to the Cudos blockchain network. The grant program is focused on funding the development of Cudo’s blockchain infrastructure, end-user applications for on-chain and community expansion.

The Cudos Scholarship Program accepts grant applications that fall into one of three grant categories:

• Developer Grants that fund developer tools, open source components and other infrastructure tools
• Startup Grants that fund end-user applications
• Community and education grants that mainly fund community development initiatives.

On average, between $5,000 and $250,000 in grant funding in CUDOS tokens will be awarded to each successful grantee. Special areas of interest include decentralized finance (DeFi), non-fungible tokens (NFT), metaverse, gaming, infrastructure tokenization, and mass adoption focused tools and bridges.

Commenting on the launch, Matt Hawkins, founder of Cudo Ventures and board member of the foundation, stated, “As you may be aware, the Cudo blockchain network rolled out its mainnet in June and is ready to work with its extensive list of partners as well as visionary developers to create ambitious decentralized applications focused on creating a decentralized, sustainable and connected world. Within this picture, the Foundation is critical to realizing our overall vision of nurturing high-impact projects that align with our values ​​through the grant program.”

The Cudos Foundation will serve as a gateway to educate developers about the Cudos network, its layer-1 (L1) blockchain, and the pending layer-2 (L2) distributed computing platform. The foundation will also accelerate the development of the Cudos network through the expansion of technical tutorials and documentation: everything from building decentralized applications to creating and running a node.

As part of the launch, the Cudos Foundation will kick off its first grant awarded to Showcode, a professional network for all tech communities to share, learn and develop across technology platforms. The Showcode platform allows talented developers and development teams to participate in challenge leagues, hackathons and real-world queries to sharpen their skills and develop new innovative solutions, including a focus on building blockchain networks.

With a grant from the Cudos Foundation, ShowCcde will develop a six-week live Rust and blockchain development program designed for the Cudos blockchain. This six-week program will become an evergreen hands-on program as part of Developers onboard the Cudos network thereafter. The grant is focused on attracting new developers to Cudos through the program and through top-level participation in two major hackathons, Varsity Code and Athena, this fall. Taking place in October, Athena is the largest women-focused tech hackathon in Europe. Previously, the Near Foundation provided a grant to Showcode and saw over 200 participants in its six-week developer program, with over 150 projects building on the Near protocol afterwards – a huge success.

Commenting on the partnership, Romnique Caballero, Head of Crypto at Showcode said, “We are ecstatic to introduce Cudos to our community of developers at Showcode. We have seen great demand from our community looking to learn and grow on their blockchain developer journey . This partnership supports our mission to bring more developers into the Web3 space, where our community can learn and start building on Cudos.”

Finally, the Cudos Foundation will play an active role in creating and promoting educational materials and technical resources, heavily focused on the developer community to make building on Cudos easier and more accessible. The foundation’s activities will include championing hackathons, startup competitions, educational webinars and tutorials, community programs and bug prizes. In addition, the foundation will implement new community governance initiatives that allow CUDOS stakeholders to participate in more critical decisions.

“The Foundation focuses on providing the necessary resources and tools to enable our developer community to create valuable applications and tools on the Cudos blockchain,” said Simon Bogdanowicz, Strategic Advisor of the Cudos Foundation. “As a support hub, the foundation aims to drive awareness, participation and ultimately evangelism of the entire Cudos ecosystem of applications and services.”

To learn more about the program’s terms and conditions, visit cudos.foundation/grants and join Discord to join the vibrant community.

Projects interested in receiving funds can apply here on the grant application form.

About Cudos

Cudo Ventures, also known as Cudos, powers the metaverse, bringing together DeFi, NFTs and gaming experiences to realize the vision of a decentralized Web3, allowing all users to benefit from the growth of the network. It is an interoperable open platform launch platform that will provide the infrastructure required to meet 1,000 times higher computing needs to create fully immersive, gamified digital realities. Cudos is an L1 blockchain and L2 community-managed computing network designed to ensure decentralized, permissionless access to high-performance computing at scale. Its native utility token, CUDOS, is the lifeblood of the network and offers an attractive annual return and liquidity for stakers and holders.

Learn more about CUDOS:

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Press contact:

Sarah Morgan, Chief Operating Officer at Cudos Foundation
[email protected]