Polkadot’s ‘Web3 Foundation’ Grants Program Welcomes 300 Projects
- The Web3 Foundation reached a 200 project milestone, nearly 7 months after the first 100 projects had been signed.

Polkadot, a platform that allows cross- Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term transfers of any type of data or asset, announced today that its grants program has exceeded the 300 projects it supports through its “Web3 Foundation.”
At the beginning of the year, Polkadot announced that its Web3 Foundation reached a 200 project milestone, nearly 7 months after the first 100 projects had been signed. In total 840 applications have been received so far, with an acceptance rate of almost 40%.
Out of 300 signed projects, 143 teams have already reached intended goals while 212 have successfully delivered their first milestone. Out of 302 approved applications, just a bit over the third are projects focused on runtime modules, followed by development tools (14.3%).
Other than these two, projects centered around wallets (12.7%), UI development (11.6%), deployment tooling (10.1%), runtime environment (3.7%), etc.
The Web3 Foundation grants program was launched in 2018 to support innovative applications for decentralized web software protocols. The ultimate aim is to help develop Web 3.0, described by the project as a “decentralized and fair internet where users control their own data, identity, and destiny.”
There are two available grant schemes - General and Open Grants. The former is a standard grant scheme while the latter was introduced to allow projects to obtain funding in an easy manner. It also proved to be a popular program as Polkadot received the vast majority of applications via Open Grants.
Given its popularity, Polkadot now decided to merge two schemes into a single program “while maintaining the best of both worlds.” The discussion on grants is made on GitHub in an open and transparent way.
All grants, including recurring ones, can be tracked transparently on GitHub. Polkadot also allows for external milestone evaluations to allow for a fair competition process.
Polkadot, a platform that allows cross- Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term transfers of any type of data or asset, announced today that its grants program has exceeded the 300 projects it supports through its “Web3 Foundation.”
At the beginning of the year, Polkadot announced that its Web3 Foundation reached a 200 project milestone, nearly 7 months after the first 100 projects had been signed. In total 840 applications have been received so far, with an acceptance rate of almost 40%.
Out of 300 signed projects, 143 teams have already reached intended goals while 212 have successfully delivered their first milestone. Out of 302 approved applications, just a bit over the third are projects focused on runtime modules, followed by development tools (14.3%).
Other than these two, projects centered around wallets (12.7%), UI development (11.6%), deployment tooling (10.1%), runtime environment (3.7%), etc.
The Web3 Foundation grants program was launched in 2018 to support innovative applications for decentralized web software protocols. The ultimate aim is to help develop Web 3.0, described by the project as a “decentralized and fair internet where users control their own data, identity, and destiny.”
There are two available grant schemes - General and Open Grants. The former is a standard grant scheme while the latter was introduced to allow projects to obtain funding in an easy manner. It also proved to be a popular program as Polkadot received the vast majority of applications via Open Grants.
Given its popularity, Polkadot now decided to merge two schemes into a single program “while maintaining the best of both worlds.” The discussion on grants is made on GitHub in an open and transparent way.
All grants, including recurring ones, can be tracked transparently on GitHub. Polkadot also allows for external milestone evaluations to allow for a fair competition process.