Cosmos Interchain Foundation allocates $40M for ecosystem development in 2023

According to a medium post connected Feb. 20, the Interchain Foundation (ICF), a non-profit enactment down the instauration of the Cosmos (ATOM) interblockchain communications (IBC) ecosystem, has committed to spending astir $40 cardinal successful 2023 to make its halfway infrastructure and applications. As a portion of the Interchain Stack, which is utilized by astir 50 blockchains, these see the Tendermint Core (and present CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol.

"Throughout the year, we envisage engaging different teams to present smaller, tightly defined tasks wrong each country of work. Such contracts volition beryllium to supplement the enactment of the teams mentioned beneath oregon successful work of their needs that originate during the year."

The ICF is besides supporting the improvement of CosmWasm and Ethermint, the technologies the steadfast says person go the "foundations of astute declaration and Ethereum Virtual Machine (EVM) compatible blockchains." In summation to halfway infrastructure, the ICF volition money projects that thrust Cosmos's adoption and usage cases. These see programs specified arsenic the Interchain Developer Academy, the Cosmos Developer Portal, and the Interchain Builders Program, arsenic good arsenic integration with different blockchain technologies specified arsenic Polkadot and Hyper Ledger.

Key areas of enactment of the ICF's backing committedness | Source: ICF

Additionally, the ICF says that it plans to reopen its nationalist Small Grants Program successful 2023, which was suspended past twelvemonth owed to a "significant backlog of applications." It plans to reopen the programme successful owed people and is encouraging teams to scope retired to the Builders Program for non-financial mentorship and support. In the meantime, the ICF recommends developers utilize its ATOM delegation programme to entree publication rewards.