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Algorand Foundation Announces $10 Million Grant Focused on EVM | Crypto World Analysis

Algorand Foundation Announces $10 Million Grant Focused on EVM Compatibility as Algorand Adoption Accelerates.

Denver, February 17th, 2022 - The Algorand Foundation today announced a $10,000,000 USD SupaGrant to be rewarded among teams that will explore and accelerate the technical work needed to deliver EVM compatibility on Algorand.

"Running smart contracts written for Ethereum on Algorand eliminates the barriers for popular DeFi protocols and NFT projects to serve multiple chains while significantly decreasing the costs to those who participate. We believe that incentivizing experienced developer teams to research and build long lasting fundamental technology for Algorand will benefit the entire blockchain community."

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