The Tezos Foundation, a non-profit organization dedicated to the advancement of the Tezos blockchain, recently announced the recipients of its grant program for May and June 2024. This latest round targets a diverse range of projects across decentralized finance (DeFi), gaming, and developer tooling, signifying the foundation’s commitment to fostering innovation within the Tezos ecosystem.

Enhancing User Experience and Developer Efficiency

One of the grant recipients, Transak, is poised to play a key role in simplifying user onboarding for Tezos dApps. Their project focuses on integrating Etherlink into their liquidity system, allowing users to seamlessly acquire tokens for Tezos-based applications. This streamlined process aims to reduce friction for new users, potentially leading to increased adoption and engagement with Tezos dApps. Developers will also benefit from this integration, experiencing faster deployment times and potentially attracting a wider user base.

Another notable grant recipient, Subsquid, offers a data lake solution that aggregates both on-chain and off-chain data. With the integration of Etherlink, developers can leverage Subsquid’s platform to build efficient indexers and gain access to the comprehensive data sets required for running their applications. This development empowers developers with robust tools that facilitate scalable and streamlined dApp creation within the Tezos ecosystem.

Streamlined Transactions and Powerful Development Tools

The Tezos Foundation also awarded a grant to 3Route, a revolutionary cross-DEX on-chain aggregator. By offering liquidity from leading Tezos DEXes in a single swap, 3Route ensures users benefit from competitive prices and minimal slippage. Furthermore, the platform’s automated routing feature guarantees cost-effective and seamless transactions across multiple DEXes within the network. This innovation optimizes trading experiences for users while reducing unnecessary fees.

The grant program also recognized Baking Bad, a company dedicated to developing and scaling blockchain explorers, developer tools, and DeFi products. Their contributions include DipDup, a Python framework designed to simplify the creation of dApp-specific smart contract indexers. This tool empowers developers to focus on core functionalities rather than repetitive code. Additionally, Baking Bad offers PyTezos, a Python library for interaction with the Tezos blockchain, facilitating smart contract testing and Michelson script writing. Netezos, another Baking Bad project, provides a cross-platform Tezos SDK for .NET developers. This toolset grants high-performance functionalities for interacting with the Tezos blockchain and enables seamless integration for Unity game developers.

A Look Towards the Future

The projects highlighted represent only a portion of the innovative initiatives supported by the Tezos Foundation. The organization’s ongoing grant program serves as a springboard for fostering the most promising ideas and talented individuals within the Tezos ecosystem. By nurturing these advancements, the Tezos Foundation paves the way for continued innovation and the exploration of new possibilities within the blockchain space.

By Alex Wheeler

Alex is a lead writer at AltcoinsAnalysis, bringing the audience all leading developments in the blockchain industry and the latest trends in the cryptocurrency market.