Yesterday (the 16th), Web3 Foundation announced the launch of the "Decentralised Futures" at platform X. This transformative project allocates 20 million USD and 5 million DOT to support innovative projects. The goal is to cultivate a thriving, self-networking Polkadot ecosystem.

The Operation

The funds are allocated for profit-generating organisations centred around Polkadot, as well as non-profit enterprises that have devised strategies to ensure ongoing financing through the Polkadot blockchain financial system beyond the year 2024.

Key Dates of the Programme

The program is operated by the Web3 Foundation. The application period for the programme is from November 2023 to June 2024. Applications are currently open, with the decision phase starting in December. The application process will conclude in June of the following year, and the review process will be completed in July of the same year.