Huobi Inno Labs announced a 5 million USDT investment to the Polkadot Ecosystem Support Fund to promote the development of the Ecosystem and support projects and individuals financially in their contribution promoting the prosperity of the Polkadot ecosystem.
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The fund will focus on sponsoring technology development, ecological project development, community and operation promotion activities. Developers, activity initiators, content creators, Polkadot ambassadors and any other individuals and organizations who have plans to contribute to the Polkadot ecosystem can apply for sponsorship through the official email.
With the launch of the Polkadot Mainnet, the crypto market is witnessing a growing participation in this technology, with more than 300 eco-projects currently developing projects on Polkadot. According to statistics, 2019 has seen a significant development project increase of 44% in the Polkadot network, making it one of the most active blockchain ecosystems.
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Based on the great potential of the Polkadot ecosystem, Huobi Inno Labs believes that the cross-chain protocol represented by the Polkadot provides a new distributed network solution for the implementation of Web 3.0, brings more innovation opportunities to developers, and is a significant practice for Web 3.0.
“We believe that funds like this are vital to the on-going growth of the blockchain space and are happy to be a part of it. Growing the space is always going to be a team effort, and a decentralized one, so providing funding and support to developers, initiators and creators means we can keep moving forward,” according to a spokesperson of Huobi Inno Labs.
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