Gravity Launches $50 Million Ecosystem Fund Alliance

Gravity announced on the 10th that it has launched a $50 million (approximately 70.76 billion KRW) 'Gravity Ecosystem Fund Alliance' to support next-generation blockchain projects and developers.

Gravity is a high-performance Layer 1 blockchain that advocates an omnichain ecosystem, allowing users to directly interact with multiple chains within a single integrated network.

The newly launched VC ecosystem alliance fund includes participation from various venture capitals (VCs) and investors such as HashKey Capital, DAO5, Lattice, Spartan Group, Faction, IOSG Kickstarter, Blockchain Coinvestors, and Draper Dragon.

The Gravity Ecosystem Fund Alliance supports developers in utilizing Gravity's features, such as processing capacity of 1 gigagas per second, sub-second finality, and restaking-based Proof of Stake (PoS) security, for their own project development.

However, to apply for this fund, applicants must meet conditions such as △ utilizing core features like sub-second finality and omnichain based on the Gravity network △ leveraging Gravity native assets and forming meaningful partnerships within the ecosystem △ focusing on areas such as DeFi, payments, Telegram mini apps, royalty solutions based on Gravity Royalty Point As a Service, and on-chain quests.

Approved applicants (projects) will gain direct access to Gravity's investor network, and investors are expected to provide tailored support and resources according to the project's needs and growth potential.