Creditcoin Bets Big on Global Adoption of Web3 in Banking, Launches $10M Funding Program for Developers and Businesses

Creditcoin, a high-performance L1 blockchain for real-world use cases, shared the details of its new $10 million funding program for developers

Layer-1 blockchain Creditcoin has announced a $10 million funding program for developers and businesses building on its blockchain. Applications are now open.

Layer-1 blockchain Creditcoin is launching a community funding initiative, with grants ranging from $25,000 to $250,000 available for projects interested in building on Creditcoin.

With an initial funding pool of $10 million, the Creditcoin Ecosystem Investment Program (CEIP) will support promising projects that expand the real-world applications of Web3 technologies within the Creditcoin network.

The program aims to support the development of blockchain-powered credit and payment solutions while fostering a thriving and interconnected ecosystem of financial innovation.

“We believe the future of finance lies in decentralized, transparent, and efficient blockchain solutions,” said Sung Choi at Credit Labs, regarding the new program's role in advancing the next cohort of Web3 builders and the transition from TradFi to DeFi.

“Through CEIP, we are providing the necessary capital and strategic support to help innovators build real-world solutions that leverage the power of Creditcoin.”

Creditcoin has maintained a strong focus on bridging the gap between blockchain technology and real-world financial solutions. CEIP is part of this effort, empowering startups and enterprises that share this vision with the resources they need to drive innovation.

CEIP will prioritize investments in projects that enhance decentralized credit and payment solutions by increasing financial accessibility and inclusion. Applicants should also be leveraging Creditcoin’s blockchain infrastructure for real-world applications to drive broader adoption of Web3 technologies.

Applications for CEIP are officially open today, Monday, Jan. 27, 2025. Interested startups and businesses can submit their applications through a dedicated portal on Creditcoin's main page.

Powered by Universal Smart Contract technology, the Creditcoin network allows protocols to interact with data and assets across multiple chains without the need for bridges, making it a suitable infrastructure for complex multi-chain applications.

Its credit-centric foundations enable protocols and users to build verifiable on-chain credit histories, further bridging traditional finance with decentralized systems.