After a period of restructuring, the Tangle Treasury has officially reopened its doors to grant applications and milestone reviews. The team, which underwent a complete overhaul in the past four weeks, has successfully transitioned all assets and accounts, and is now fully operational.
The newly appointed Tangle Treasury team wasted no time in getting down to business. They have already drafted and published a comprehensive Funding Strategy for 2024 and 2025, outlining their priorities and available resources. Additionally, the team has implemented a series of internal process improvements designed to enhance efficiency, security, and compliance.
A major challenge facing the newly formed team is a backlog of grant applications and milestone reviews that accumulated during the period of reduced activity. The team is currently focused on clearing this backlog and will be reaching out to proposers and grantees in the coming weeks.
“We understand the frustration caused by the delay in processing grant applications and milestones,” said [Name], a member of the Tangle Treasury team. “Our top priority is to work through this backlog as quickly as possible while maintaining the highest standards of evaluation.”
Once the backlog is cleared, the Tangle Treasury will officially reopen for new proposals from the IOTA and Shimmer ecosystems. The team plans to introduce an updated submission process and provide detailed guidelines for grant applicants.
“We are excited to once again support innovative projects within the IOTA and Shimmer ecosystems,” said [Name]. “We encourage developers and entrepreneurs to submit their proposals and contribute to the growth of the Tangle.”
The resumption of grant reviews is a significant milestone for the IOTA Foundation and the broader Tangle community. It signals a renewed commitment to fostering innovation and development within the ecosystem.
