ChainCatcher news, Sky Mavis announced the launch of the Web3 game development grant program Ronin Forge, which allows Web3 game developers to bring their new experimental games to the Ronin blockchain. Ronin Forge provides accepted developers with a grant of $50,000, permission to build on Ronin, and technical infrastructure.

ChainCatcher news, according to Cointelegraph, Layer-1 blockchain Fantom is promoting the idea of "safer meme coins" by allocating a development fund of $6.5 million in native FTM tokens, attempting to carve out a share in this nearly $50 billion market.Fantom Foundation CEO Michael Kong stated that he hopes to create "an environment where people can launch what we call 'safer meme coins'," and introduce both technical and non-technical measures to ensure that projects "are not just outright scams or frauds." The meme coin phenomenon is a way for Fantom to attract a large number of users, hoping to replicate the success of other chains.It is reported that Solana and Coinbase's Ethereum Layer-2 network Base accounted for most of the trading volume during the recent meme coin trading frenzy. However, up to one-sixth of the meme coins on Base have been exposed as scams, and at least 12 substantial meme projects on Solana were quickly abandoned by their founders after raising $26.7 million.

ChainCatcher news, according to CoinDesk, the decentralized social investment market Zignaly announced the launch of the Layer1 blockchain ZIGChain on Cosmos, along with the establishment of a $100 million ecosystem development fund.The team stated at Token2049 held in Dubai that the fund will focus on developing wealth generation infrastructure that is effortless from the user's perspective.It is reported that Zignaly is somewhat like a cryptocurrency fund manager, allowing users to copy the trades of professionals. It recently obtained a cryptocurrency license in South Africa to provide fully delegated financial services, equivalent to the licenses issued to fund managers in the traditional financial sector.

ChainCatcher news, according to CoinDesk, the Ethereum scaling solution MetisDAO's development organization, the MetisDAO Foundation, has announced the creation of a fund of approximately $100 million to accelerate the growth of its ecosystem. The fund is named the Metis Ecosystem Development Fund and will allocate 4.6 million METIS tokens for "sequencer mining, retroactive funding, deployment of new projects, and other efforts."

ChainCatcher news, according to Cetus, insiders from the SUI internal team revealed that they will soon promote the IDO process for some high-value ecological projects on the chain. It is reported that some of these projects have reached deep strategic cooperation with Cetus, and in the future, they may all use Cetus as the designated liquidity provision platform for the projects.To promote the development of these high-quality ecological projects on SUI, Cetus has established a dedicated development fund to support the growth of these projects, planning to provide benefits to users who support these projects through airdrops. The fund distribution rules are currently under discussion, and it is expected that the airdrop rules will be related to addresses holding Cetus on the SUI mainnet.

ChainCatcher news, according to The Block, Polygon Labs is launching Polygon Village 2.0, aimed at driving ecosystem development with $90 million in funding. Projects can receive over 110 million MATIC in grants, guidance, and ecosystem support to help develop their applications.

ChainCatcher message, Gains Network contributors and community representatives are collaborating to formulate a plan around GNS tokenomics, which includes 100% of development fund revenue being redistributed to GNS stakers (the development fund currently collects about 16% of platform fees), with GNS tokens as compensation; replacing the current governance fund with a new 6/11 multi-signature, and discarding GNS NFTs, etc. The plan is expected to go live on September 1 or later.To compensate for the adjustment in development fund fees, Gains Network will mint 1 million GNS tokens as compensation, which, at the current GNS price, is equivalent to 1 to 1.5 years of Dev fund revenue. The minted GNS tokens cannot be sold for at least one year and are eligible for staking to earn protocol rewards.Additionally, the plan will integrate GNS NFTs into GNS. Previously, 1,500 GNS NFTs were distributed to early community members two years ago, who provided a significant portion of the initial liquidity for the token (>1%). This will mint 3.36 million GNS, increasing the current supply by about 11%. Furthermore, 80/20 of the NFT bot fees will be redirected to GNS staking and oracles, discarding its other functionalities. (Source link)

ChainCatcher news, RbC Capital announced the completion of its rebranding, vertically focusing on the startup studio field and renamed as "ZYJ Labs". At the same time, ZYJ Labs, in collaboration with 7 o'clock Capital, launched a ten million dollar development fund to jointly promote innovative technologies and community progress with outstanding entrepreneurs.It is reported that the ZYJ Labs development fund will primarily be used to support excellent Web3 startups, with a focus on tracks such as infrastructure, SocialFi, AI, and NFTs, dedicated to helping outstanding Web3 companies grow rapidly.

ChainCatcher news, the Maker Constitution draft proposed by the MakerDAO community plans to allocate 20,000 MKR (approximately $14 million) to the Scientific Sustainability Fund to address global warming issues. The Scientific Sustainability Fund is a temporary measure that will gradually end by 2040.The draft states that the Scientific Sustainability Fund will use the funds for advocacy, education, and combating misinformation about energy solutions, prohibiting direct funding of coal energy, and enforcing through a real-world asset collateral framework. (source link)

ChainCatcher news, as Alameda announces bankruptcy, the cross-chain protocol Ren Protocol is facing the danger of not having enough funds to support its development and is seeking funding to continue operations. Alameda funded the development of Ren after acquiring the project in early 2021. It has been reported that Alameda Research previously provided $700,000 per quarter for the development of Ren.The Ren team issued a statement on Friday, revealing that its funds are only sufficient to support operations until the end of the fourth quarter. A community conference call indicated that the project's remaining funds are approximately $160,000, and other sources of funding may be decided by a vote from the RenDAO community.Additionally, the Ren team hopes to launch the latest version of the protocol, Ren 2.0, earlier. This new version was announced in August and is planned to become an open-source project run by the community, while it has been reported that Alameda holds the intellectual property rights to Ren 1.0. (source link)

Chain Catcher news, cryptocurrency wallet and browser Bitcoin.com announced that it will launch the public sale of VERSE tokens in November. VERSE is a reward and utility token designed for contributors and participants in the Bitcoin.com ecosystem, with EVM compatibility.Previously, Chain Catcher reported in May this year that Bitcoin.com announced the completion of a $33.6 million private placement financing for VERSE tokens, with Digital Strategies, KuCoin Ventures, Blockchain.com, and others purchasing 10% of the VERSE token supply.In addition, Bitcoin.com will launch the Verse Development Fund, which will begin accepting grant applications from developers and other ecosystem participants in the first quarter of 2023. 34% of the VERSE token supply is allocated to the Verse Development Fund, with tokens being released linearly over seven years. (Source link)