HashKey Chain launches $50 million grant programme for global Web3 developers.

Description

On 10 December, HashKey Chain announced a $50 million grant programme to support global Web3 projects. This will drive innovation in the OP Stack ecosystem, help HashKey Chain grow and boost on-chain adoption.

HashKey Chain uses OP Stack technology to make transactions faster and cheaper. This open-source framework powers Optimism's L2 Rollup and allows developers to build customisable Layer 2 blockchains with Ethereum's security.

The grant pool includes $50 million in HSK tokens, with $10 million initially allocated. Funding depends on achievements by developers and teams building on HashKey Chain.

Key Areas of Focus:

• RWA (Real-World Assets): Tokenization of financial assets for liquidity and transparency.
• PayFi, stablecoins, and BTCFi: Driving blockchain adoption in finance.

Hong Kong is ideal for RWA tokenisation because it is a financial hub. HashKey Chain wants to bring traditional financial products on-chain.