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Cryptocurrency News Articles
Sui Foundation Launches RFP Program Targeting Developers Within Its Network’s Ecosystem
Feb 25, 2025 at 07:15 pm
The Sui Foundation has launched a Request For Proposal (RFP) program targeting developers within the Sui network's ecosystem.
The Sui Foundation has announced the launch of a Request For Proposal (RFP) program for developers within the Sui network’s ecosystem.
In a recent announcement, the network stated that the program is designed for its Sui Name Service (SuiNS), and will see the Foundation fund new projects that advance the protocol and enhance its value to the Sui community.
The program aims to drive impactful development and strengthen community collaboration, according to the Sui Foundation’s announcement.
The Foundation will directly fund projects that align with the ecosystem’s needs and the growth of the SuiNS, the announcement stated.
A portion of the Sui Foundation’s latest announcement highlights the process outlined for funding builders that qualify for the RFP program.
The application process is currently open, with March 17, 2025 as the closing date. Builders are expected to submit their proposals before the deadline.
Meanwhile, the Foundation highlighted two criteria it will use to assess the submitted proposals, including their alignment with the RFP requirements and overall feasibility. A dedicated RFP committee has been tasked with reviewing the proposals and short-listing candidates.
The committee will also conduct the final voting to determine the applicants that qualify for funding. The screening process will see selected builders undergo verification before signing a grant agreement outlining the project’s milestones, deliverables, and timeline.
It is important to note that the launch of this program marks another milestone in the development of the Sui network. Analysts anticipate that this process will contribute to SUI’s adoption, potentially leading into its next phase of value accumulation.
The SuiNS provides users with a simple, human-readable identity that can be used across the Sui ecosystem, according to the Sui Foundation.
This innovation will replace complex wallet addresses with more familiar names. The SuiNS also aims to enable more personalized, feature-rich interactions to enhance user experiences and app functionality.
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