On December 10, HashKey Chain announced the launch of a $50 million Atlas Grant program for global developers, aiming to deeply explore high-quality projects in the Web3 field and provide comprehensive empowerment to help developers expand the innovation and development of the OP Stack ecosystem and achieve exponential growth in the HashKey Chain application layer and on-chain users.
HashKey Chain relies on OP-Stack technology, dedicated to improving transaction speed and reducing fees, bringing users a more efficient and convenient transaction experience. OP Stack is an open source development framework that supports the OP mainnet. It consists of a variety of software components to form Optimism's L2 Rollup, which is used to create an interoperable L2 blockchain network. It simplifies the construction process of the L2 blockchain, allowing developers to customize the Layer2 network according to their needs, thereby accessing Ethereum and sharing its security and resources.
The Atlas Grant program aims to promote the prosperity and growth of the OP Stack ecosystem, mainly for ecological projects that are planned or deployed to HashKey Chain. The total grant pool is HSK Token worth 50 million US dollars, and 10 million US dollars of HSK Token will be issued to developers in the first phase. In the future, grants will be made based on quantifiable milestones of developers and deployment projects.
As the Native token and Gas token of HashKey Chain, HSK Token has been listed for trading on several leading exchanges such as HashKey Global on November 26. In addition, as the ecological currency of HashKey Group, HSK is also used in all business scenarios of HashKey, carrying the value of the entire HashKey ecosystem.
In addition to financial support, HashKey Chain will also leverage the multi-channel resources, global investment layout, and rich blockchain project experience of the entire HashKey ecosystem and its partners to provide more ecological resource support for developers and high-quality projects.
The Atlas Grant program will focus on supporting high-quality projects and developers in the RWA, PayFi, stablecoin and BTCFi tracks. The RWA track originated from the narrative of Massive Adoption, and its market size has grown significantly in recent years. Key factors driving this growth include the tokenization trend of traditional financial assets and investors' demand for higher liquidity and transparency. In essence, PayFi and stablecoins also belong to the RWA track, but the way they interact is different.
As a global financial hub, Hong Kong provides a good environment for RWA tokenization innovation. Based in Hong Kong, HashKey Chain aims to bring high-quality financial products of traditional financial institutions into the blockchain world based on compliance.
HashKey Chain CEO Kay said, “We are very pleased to announce the HashKey Chain $50 million Atlas Grant program to the global market. We hope that the individuals, teams and organizations that join the HashKey Chain ecosystem will have confidence in the prospects of the encryption industry and grow together with HashKey Chain to jointly build a prosperous and open Web3 ecosystem, create phenomenal application products that can have real traffic on multiple mainstream public chains, and get corresponding rewards in the process.”
The first Atlas Grant prize pool is $10 million in HSK Tokens. The program will prioritize projects within the listed Grant categories and scopes. The donated project teams will receive non-dilutive funding, technical guidance, collaboration opportunities, and opportunities to participate in hackathons and other activities. The first application period is from December 10, 2024 to January 10, 2025. The list of selected projects will be announced on January 20. The application link is: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1.