World

Bengaluru, India, July 3rd, 2024, Chainwire
E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy.&nbsp;
E Money Network’s Architecture Unlocks a World of Possibilities
<a href="https://emoney.io/" target="_blank" rel="noopener noreferrer nofollow">E Money Network</a> is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into applications. The E Money Network supports interoperability with Inter-Blockchain Communication (IBC), allowing the development of applications that can communicate with other IBC-compatible blockchains.&nbsp;
E Money Network has built-in compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB) and Know Your Transaction (KYT) to enable adherence to the upcoming Markets in Crypto Assets (MiCA) regulations. These features ensure that every entity and transaction in an application built on the E Money Network is also MiCA compliant by default.&nbsp;
Objectives of the Grant Program&nbsp;
As a part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-centric ideas to build on the E Money Network and bring innovative solutions to life. Applicants can submit Requests for Proposals (RFPs) detailing their ideas for RWA applications . Its $2 million grant pool will be distributed as initial capital among eligible projects.
<blockquote>
 E Money Network’s CEO <a href="https://x.com/raj_bagadi" target="_blank" rel="noopener noreferrer nofollow">Raj Bagadi</a> quoted “RWA ecosystem is in its nascent stages, and building the RWA ecosystem with numerable RWA-specific applications will help in shaping E Money Network’s trajectory and spearheading new advancements for the wider RWA ecosystem. Hence, we are launching the biggest grant program to enable the next generation of entrepreneurs seeking to rebuild the financial markets with RWA applications.”
</blockquote>
Evaluation Criteria for Winning Grants
A group of technology experts, marketing professionals and experienced community members will form the selection committee for reviewing grant applications. Applications to the grant program will be evaluated on the basis of the following criteria –
<ol>
 <li>The project’s objective and scope</li>
 <li>The anticipated impact of the project</li>
 <li>The project’s milestones and KPIs</li>
 <li>Expected budget</li>
 <li>Team details including roles, responsibilities and prior experience of each team member</li>
 <li>Product roadmap</li>
</ol>
Each proposal must include at least three milestones with measurable KPIs such as user growth, TVL increase, transaction volume, etc.&nbsp;
Depending on the afore-mentioned factors, projects&nbsp;can become eligible to win grants ranging from $5000 to $50000 based on requirements and scale of the product. Additionally, E Money Network will also provide winners of the grant program access to mentorship from industry experts, legal and compliance support, marketing and growth support, networking opportunities with other RWA projects and E Money Network’s core developers.&nbsp;
How to Apply
Interested developers and builders can join the #BUIDLonEMN initiative by filling out the grant application form <a href="https://form.typeform.com/to/c3qyhAq3" target="_blank" rel="noopener noreferrer nofollow">here</a> and joining E Money Network’s grant channel on <a href="https://discord.com/invite/emoneynetwork" target="_blank" rel="noopener noreferrer nofollow">Discord</a>. After the submission of the application, the selection committee will evaluate the project. Successful applications to the grant program will be notified along with further instructions.&nbsp;
About E Money Network
E Money Network is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenisation, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.
For more information users can visit: <a href="https://twitter.com/emoney_network" target="_blank" rel="noopener noreferrer nofollow">X</a> | <a href="https://www.linkedin.com/company/emoneynetwork/" target="_blank" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://blog.emoney.io/" target="_blank" rel="noopener noreferrer nofollow">Blogs</a> | <a href="https://whitepaper.emoney.network/" target="_blank" rel="noopener noreferrer nofollow">Whitepaper </a>&nbsp;
For media queries, users can contact: <a href="mailto:marketing@emoney.network" target="_blank" rel="noopener noreferrer nofollow">marketing@emoney.network</a>
<h5>Contact</h5>
Head of Marketing &amp; Branding Shivangini Agarwal E Money Network marketing@emoney.network

E Money Network launches $2 MILLION RWA Grant Program to spearhead RWA ecosystem

BlockchainReporter

Other articles published on Jul 3, 2024

Standard Chartered predicts Bitcoin will hit $100,000 in November

10 Best Crypto-Friendly Banks in 2024

Spot Ethereum ETF Launch Could Take Place on July 15

Is Bitcoin Truly Magical?

ArcBit Wallet Review 2024

Bitcoin Faces Potential Retest Of $40,000, Influential Crypto VC Warns

Join our free newsletter for daily crypto updates!