NEAR’s ever-growing and engaged community is one of the ecosystem’s greatest strengths. Remember the NEAR Foundation Grants team’s Refer-and-Earn Program? A number of NEAR community members participated in Refer-and-Earn in early 2022, resulting in grants for dozens of exciting projects currently building on the NEAR ecosystem.
The Foundation has had the pleasure of seeing the community being a key contributor in providing ecosystem support and building dapps. The community does this in a number of ways, including running and sponsoring events, educating developers and entrepreneurs on the benefits of NEAR, bringing projects with active user bases from other chains, and so on.
NEAR Foundation wants to build on the community’s successes through a new incentive structure that aligns with the Grants Program (more information can be found at the Grants Program Handbook here bit.ly/Grants-Program-Handbook).
- The payout for each project referred will be awarded a total of 10% of the project awarded grant amount. This amount is awarded in nUSDC (wrapped USDC on NEAR) and is calculated at the end of each quarter.
- The first half of the 5% will be awarded at the point of the contract signed.
- The second half of the 5% will be awarded once all project milestones are completed.
Refer-and-Earn: Q3 Qualified Projects
The NEAR ecosystem receives a number of your recommendations and referrals. A total of 12 quality projects emerged from Refer-and-Earn, each aligning with NEAR Foundation’s Grants program objectives.
In no particular order, here are the Q3 2022 qualified projects:
- Azadi Record
- Vital Carbon
- Metavision Games
- Murder Mystery Collective
- Klabrate and ClimaFi
- Meteor wallet
- EVIE Marketplace
The Grants team has reached out to all Refer-and-Earn referrers. Thanks to your help and support, the Grants team is able to support innovative projects like those listed above.
More Blog PostsSee All Blog Posts
Refining NEAR Foundation’s Grant Approach
A few weeks ago, as part of a series of blogs on the state of funding, NEAR Foundation announced it would be examining its evolving funding strategy. This is in line with the Foundation’s goal of providing a clear and concise update to continue to foster transparent communication. At this time, NEAR Foundation is actively […]
Evolving NEAR Foundation’s Funding Strategy
NEAR Foundation is publishing a series of blogs on the state of funding, including updates from the Grants Team and an upcoming Transparency Report for Q3. This is part of our continued commitment to transparency, as well as more frequent and open communication with the NEAR community. NEAR Foundation’s role is to support the NEAR […]
NEAR Foundation Funding Team Report: September 2022
Welcome to the NEAR Foundation Funding Team Report that captures and highlights data for the month of September 2022. The purpose of this document is to provide transparency regarding what happened during the last month in our Funding Team, and is to be shared publicly to the ecosystem and our investor network. Summary 1. Grant data […]