Fuse Network, a leading Web3 payment infrastructure provider, has introduced its groundbreaking Web3 Business Grant Program, allocating $10 million to support global businesses. The initiative aims to offer essential funding and infrastructure, streamlining access to Web3 payment systems and empowering businesses on a global scale.
The $10 million grant program by Fuse Network is a strategic move to drive the advancement of Web3 technology and cater to the diverse needs of global businesses. By focusing on powering Web3 and promoting mainstream adoption, the program simplifies non-custodial consumer fintech applications, ensuring efficiency and reliability in the rapidly evolving digital landscape.
Applicants from various sectors are invited to participate in the Web3 Business Grant Program, including businesses seeking to enhance user acquisition through Web3 communities, fintech firms aiming to implement non-custodial mobile solutions, and companies interested in digitizing consumer clubs or creating digitised loyalty programs.
The program also welcomes fintech addressing payment-related challenges such as unbanked communities, digital identities, and currency volatility, among others.
Mark Smargon, CEO and Co-Founder at Fuse, expressed the company’s commitment to fostering a thriving ecosystem for Web3 innovation through the grant program. The initiative reflects Fuse’s dedication to providing essential resources for businesses to flourish in the dynamic Web3 landscape.
The Web3 Business Grant program, with its tailored ecosystem and infrastructure, offers a stablecoin-focused payment system, facilitating seamless blockchain navigation for businesses. This system ensures rapid, cost-effective, and global transactions, liberating businesses from vendor lock-in through open-source API/SDKs and a standard EVM blockchain environment.
Ira Lakhman, Chief Operations Officer at Fuse, emphasized the belief that the future of payments lies within Web3 and highlighted Fuse’s role in driving that future. The grant program underscores the company’s commitment to supporting projects harnessing the potential of decentralized blockchain technology.
Businesses worldwide are encouraged to apply for the Web3 Business Grant Program by reviewing the outlined criteria on the Fuse Web3 Business Grant website and submitting their applications. Successful applicants can anticipate a final decision within two weeks after submission.
