September 23, 2024
Swan Chain has announced that it has been awarded 500,000 OP tokens from Optimism Governance as part of the Cycle 27 Grants. This substantial grant will enable Swan Chain to advance several key initiatives. These include increasing Superchain’s Total Value Locked (TVL) by integrating high-yield DeFi solutions to reach a TVL of $6 million, accelerating the development of AI infrastructure, enhancing tools for developers and driving innovation through dedicated research, supporting educational programs and hackathons to attract new developers, and subsidizing audits to maintain high security standards.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Swan Chain | 500K OP (valued at $870k) | September 23, 2024 | Grant | Optimism | AI, DePIN |
This grant represents a significant step forward in Swan Chain’s mission to innovate and grow within the blockchain ecosystem.
About Swan Chain
Swan Chain is a platform focused on decentralized cloud computing. It allows developers to build decentralized applications (dApps) and integrate decentralized GPU resources into their projects. Computing providers can contribute their computational power to the network, and community members can create open-source tools and applications. Swan Chain aims to enhance functionalities in AI and data processing, offering rewards for computing providers and developers. The platform also features a native bridge for transferring assets between Ethereum and Swan Chain, and provides tools like Orchestrator for managing computational resources.
Website: https://swanchain.io/homepage
About Investor
Investor: Optimism Governance
The Optimism Collective is a large-scale experiment in decentralized governance aimed at sustainably funding public goods that benefit the community. It operates under a “Working Constitution,” which is designed to evolve through various governance experiments. This constitution balances the power between OP Citizens and OP Holders, ensuring fair and democratic decision-making. The Optimism Foundation oversees the governance model, guiding its growth and development while gradually decentralizing its role over time.
Website: https://gov.optimism.io/
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