Waves Labs which was previously a startup which was focused on the support of ICOs have announced that they will be relaunching as a new initiative for the support of upcoming talented developers as well innovative startups within the decentralized technologies sector.

Originally launched as a project to assist with promising startups and their sales of tokens, Wave Labs ran a tailor-made ICO incubation program for a number of hand-selected projects.

At the time, Waves Lab’s strategy was on par with the crypto ecosystem, ICOs were booming. They ran a number of sales during this time and claimed the second place spot as a token issuance platform, sitting only behind Ethereum in terms of the number of ICOs and tokens launched.

Thanks to their success in the ICO mania phase, Waves managed to entice a vast number of users and projects to their platform, garnered unparalleled media sentiment and ultimately put their platform on the map.

Enter the new era of Waves Labs:

It’s 2019 now and Waves have decided to shift their gears and focus on special initiatives which are aimed at aiding in as many Wave-based operations as possible. Their core goal is the support of talented developers and startups who share the ambitious goal of the construction of decentralised technologies which will form the skeleton of Web 3.0.

Furthermore, Waves Grants will make its debut as a relaunch of the initial vision of Waves Labs. This grant program will target startups as well as individual developers who have dreams of creating new products based on Waves technologies. Through the facilitation of solutions built on Waves, the company also seeks to promote the mainstream adoption of blockchain technologies on a worldwide scale.

Any decisions surrounding recipients of grants will be overseen by a committee within Waves and will be comprised of the company’s representatives from various divisions. Notably, 1 million WAVES will also be set aside for the program, which will be rolled out in conjunction with Waves’ Developer Relations Department.

Ultimately, Waves Labs are also aiming to make the process of issuing grants a fully transparent affair and will be publishing regular updates and news pertaining to grant recipients and their selection process.

Waves Labs have a created a call-to-action to both individual developers and teams who are interested in applying for grants to work on cases brought forward by Waves Labs or they can also bring forward their own ideas which fall in line with Waves products.

Some of the Waves suggested use cases include, innovative solutions for crypto & token payments, regulated tokens, escrow payment solutions as well as research pertaining to Waves products for conventional loyalty programs.

Waves Labs list will be regularly updated and will include suggestions from their community.

To learn more about the Waves Grant program and to apply just follow this link:

https://waveslabs.com/grants.html

Once you’ve taken a peek at their offerings, let us know what your thoughts are by leaving a comment below.

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