Core Foundation launches $5M innovation fund to boost India's Web3 ecosystem
Core Foundation announced a $5 million Innovation Fund to advance India's dApp ecosystem on Core Chain. The fund aims to empower Web3 communities, merge Bitcoin's security with Ethereum's flexibility, and boost India's crypto economy. It includes builder meetups, collaborations with Web3 incubators, and an accelerator program.
has announced a $5 million Innovation Fund to advance India's dApp ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India.“India's startup energy is unmatched, and its Web3 ecosystem is no exception, booming with over and in investments. Our goal is to empower Indian builders, spur dApp growth, and merge Bitcoin's security with Ethereum's flexibility. This initiative will open new doors and boost India's crypto economy, with a focus on scaling Bitcoin and unlocking BTCFi," said Shivangi Pandey, Core Contributor.
This entry into the Indian market also includes a roadmap for builder meetups, the hackathons, and collaborations with Web3 incubators and universities. Core Foundation also plans to launch an accelerator program in partnership with leading Indian Web3 venture capitalists and accelerators, providing essential support to the burgeoning community of Core Chain builders and founders.
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Core contributors recently released the paper, which proposes a radical expansion of the Bitcoin Network to support DeFi on Core Chain. Non-Custodial BTC Staking is one component, which unlocks ~$1T in passive BTC value to contribute to Core Chain’s Satoshi Plus consensus. Scaling Bitcoin DeFi on Core Chain is only beginning, particularly with the launch of ecosystem funds in Africa and now India emerging to support Core Chain developers scaling Bitcoin DeFi.
For more information, updates on upcoming activities, and to connect with Core Foundation, visit this
About Core Chain
Core Chain is a Bitcoin-powered layer one blockchain for EVM-compatible smart contracts. It uses a novel Satoshi Plus consensus mechanism, integrating the best aspects of Proof of Work and Proof of Stake. With participating in consensus in exchange for unlocking Bitcoin utility and rewards, Core Chain is becoming the most Bitcoin-aligned EVM chain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.2M Twitter followers, 250k Discord members, etc which has translated into millions of CORE holders, over 14M unique addresses, and 225M transactions since its mainnet launch a year ago.
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