Alchemy

Orbit

Arbitrum

Foundation

Arbitrum Foundation has introduced a $1 million grants program aimed at boosting artificial intelligence innovation on the Arbitrum network. 
The Trailblazer AI Grant is an initiative that will offer grant support for builders looking to bring innovative AI projects to Arbitrum (<a rel="" href="https://crypto.news/price/arbitrum/">ARB</a>). Developers and creators who built dedicated AI agents on the Ethereum layer-2 scaling solution will receive grants targeted at impactful AI products, the Arbitrum Foundation noted in a <a href="https://arbitrumfoundation.medium.com/trailblazer-1m-grants-to-power-ai-innovation-on-arbitrum-c6de1200e656" target="_blank" rel="nofollow">blog post</a> on Nov. 27. 
Arbitrum continues to see increased adoption as the platform for AI tech stack, with projects such as Allora Network, ARC Agents, Eternal AI, Hyperbolic and Ora leveraging the L2 network for <a rel="" href="https://crypto.news/arbitrum-arb-unveils-atlas-upgrade-to-slash-fees-and-more/">low fees</a>, high throughput and low latency. 
 Read more: <a rel="" href="https://crypto.news/arbitrum-dao-signals-approval-to-introduce-staking-for-arb-tokens/"> Arbitrum DAO signals approval to introduce staking for ARB tokens </a> 
Trailblazer AI Grant Program will help bring thousands of applications and AI agents to Arbitrum, the foundation said. AI builders have the opportunity to explore projects ranging from non-fungible tokens to ERC-20 tokens. Eligible projects will receive $10,000. 
However, the teams have to involve a live AI agent integrated with Arbitrum. Projects will also have to demonstrate innovation, be impactful in terms of user engagement and growth and offer unique value propositions. Synergy with the ARB ecosystem is also a key factor. 
Apart from having access to Arbitrum’s growing community and developers, selected projects will attract a global audience. 
The $1 million AI grants program launches on the back of several other initiatives aimed at boosting the Arbitrum ecosystem. 
On Nov. 26, developer platform Alchemy <a href="https://x.com/AlchemyPlatform/status/1861500682001621333" target="_blank" rel="nofollow">announced</a> it had launched a $10 million grant fund project building on Arbitrum’s Orbit chains. The fund will offer up to $500,000 in credits to each team. 
In June this year, the Arbitrum community adopted a key proposal aimed at funding the project’s gaming ecosystem. The initiative looked to deploy Arbitrum Foundation resources, with 225 million ARB tokens worth <a rel="" href="https://crypto.news/arbitrum-unveils-a-215m-gaming-catalyst-program/">over $215 million allocated to the program</a>. 
The gaming catalyst program, or GCP, targets game developers and users over the next three years. 
 You might also like: <a rel="" href="https://crypto.news/arbitrum-teams-up-with-ubisoft-to-launch-new-game/"> Arbitrum teams up with Ubisoft to launch new game </a>

Arbitrum launches $1m grants program to bolster AI innovation

crypto.news

Other articles published on Nov 27, 2024

First Ever Multi-Chain Crypto Exchange Banxchange Native Token coming to the XRP Ledger

Thena (THE) Gains 1,800% In 24 Hours, Becoming a Superstar on BSC

US Appeals Court Rules Against OFAC Sanctions on Tornado Cash’s Immutable Smart Contracts

Telegram Increases Crypto Assets to 1.3 Billion Dollars in Early 2024

MARA purchases 6,474 Bitcoin with convertible notes offering

XRP’s Next Move: Why $2 Is Looking More Likely Than Ever

Join our free newsletter for daily crypto updates!