ZetaChain Unveils Ecosystem Initiative for dApp Development

ZetaChain, a layer 1 blockchain and interoperable platform, has launched an ecosystem initiative to boost dApp development on its blockchain.

Layer 1 blockchain and interoperable platform ZetaChain has announced a new ecosystem initiative that will accelerate the development of decentralized applications (dApps) and protocols running on the ZetaChain blockchain.

ZetaChain is the backbone of the decentralized web, running as an omnichain blockchain that uses chain abstraction as its guiding concept.

The program aims to provide 5% of the total ZETA token supply to the most promising and consequential projects built on the ZetaChain platform. Projects with an emphasis on Bitcoin integration will receive 1% of this allotment, or 21,000,000 ZETA tokens.

According to the project’s ZETA Token Distribution Plan, this is the first distribution of 12% of the total ZETA token supply that will go toward the Ecosystem Growth Fund. We will distribute these tokens progressively over a period of three to four years.

Program participants will also have access to grants, incentives, and community projects designed to spur innovation in goods, services, and solutions that make use of the features made possible by ZetaChain’s cooperation with Bitcoin.

Infrastructure, DeFi, Gaming, and Social Apps: Our Specialty

There are three main areas that the newly established growth initiative for Bitcoin projects will focus on. Among these, you can find Bitcoin infrastructure, which entails developing better APIs, user interfaces (UIs), cross-chain transaction indexers, Bitcoin wallet support for OP_RETURN, and infrastructure to allow Bitcoin restaking.

Bitcoin-decentralized finance is another field. Decentralized exchanges (DEXs), money markets, lending and borrowing platforms, collateralized debt position (CDP) solutions, perpetual contract aggregators, and a host of other BTC-centric DeFi offerings are all part of ZetaChain’s grand plan.

The integration of Bitcoin into gaming and social media platforms is another area of concentration. The objective is to enable users to earn native Bitcoin as in-game incentives and to foster the development of BTC-focused social networks supported by gas grants.

The program’s primary emphasis is on DeFi protocols that extend ZetaChain; it provides resources like liquidity and trade incentives to promote learning, efficiency, and application utilization. You can apply to the Bitcoin Ecosystem Growth Program right now.