The Algovera Grants Program continues! Several projects have returned and are continuing to build out their platforms, and we also have three new Squads joining the Algovera Creator Community. Read on for details and information on how to apply!
We are back with another grants round! The Algovera community has continued to produce incredible projects, and we are excited to continue funding innovation in decentralized AI with Round 3 of our Grants program. Read on for details and summaries of previous grant winners!
Algovera is a maturing ecosystem of independent AI teams. So far, we have completed two rounds of grant funding, which attracted a total of nineteen proposals. Twelve out of the nineteen proposals received funding. Squads have made some exciting progress over the last few months with few projects are reaching the stage where they are starting to apply for larger funding programmes. For example, the Virtual Object Detector Squad is applying for OceanDAO funding, the DeFi Squad has a working app (video demo, code) and the Healthcare Squad produced a first draft at a whitepaper.
As we continue to refine and improve internal processes at Algovera, we have begun to leverage the power and flexibility of NFTs to improve our Grant voting process. The Algovera Reputation NFT collection is meant to facilitate voting in Algovera Grants Round 2, where each NFT will award voting power to community members based on the criteria listed below. The collection has been minted on Polygon and are available on OpenSea, check them out here!
We’re incredibly excited to announce the second round of Algovera Grants! We had an amazing first round with eight projects receiving funding and some really innovative projects taking off - take a look at our blog post detailing the first round process, and our Notion page detailing previous grant winners.
Recently, we announced the launch of Algovera Grants to fund projects that combine AI and Web3.