E Money Network Launches $2 Million RWA Grant Program to Advance RWA Ecosystem by Chainwire

Bengaluru, India, July 3rd, 2024

E Money Network, a modular RWA blockchain, has initiated the largest RWA grant program in the crypto industry, amounting to $2 million. This program aims to support RWA projects in developing on their blockchain and fostering the growth of the RWA economy.

E Money Network’s Architecture Unlocks a World of Possibilities

E Money Network functions as a foundational layer 1 (L1) blockchain specifically designed for creating RWA applications. It offers a developer-friendly SDK that enables customized features alongside ready-made modules such as KYC verified onboarding, banking, staking, governance, and more, which can be integrated seamlessly into various applications. The platform also facilitates interoperability through Inter-Blockchain Communication (IBC), allowing applications to interact with other IBC-compatible blockchains.

To comply with forthcoming Markets in Crypto Assets (MiCA) regulations, E Money Network has equipped itself with compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB), and Know Your Transaction (KYT). These features ensure that all entities and transactions within applications built on the E Money Network adhere to MiCA standards by default.

Objectives of the Grant Program

Under the #BUIDLonEMN initiative, E Money Network invites developer teams with innovative RWA-centric ideas to build their applications on the platform. Interested parties can submit Requests for Proposals (RFPs) detailing their innovative concepts for RWA applications. The $2 million grant pool will be allocated to eligible projects as initial funding.

Raj Bagadi, CEO of E Money Network, stated, "The RWA ecosystem is still in its early stages; creating a myriad of RWA-specific applications will influence the trajectory of E Money Network and drive new developments within the RWA space. Therefore, we are launching this expansive grant program to empower the next generation of entrepreneurs dedicated to transforming financial markets through RWA applications."

Evaluation Criteria for Winning Grants

A selection committee composed of technology experts, marketing professionals, and experienced community members will review the grant applications based on several criteria:

• Project objective and scope
• Anticipated impact
• Project milestones and key performance indicators (KPIs)
• Budget expectations
• Team composition and individual member experience
• Product roadmap

Each proposal must outline at least three measurable milestones with KPIs such as user growth, total value locked (TVL) increase, and transaction volume. Grants will be awarded based on these factors, ranging from $5,000 to $50,000 depending on the project’s requirements and scale. Additionally, winners will gain access to mentorship from industry experts, legal and compliance support, marketing assistance, and networking opportunities with other RWA projects and E Money Network developers.

How to Apply

Developers interested in the #BUIDLonEMN initiative are encouraged to complete the grant application form and join E Money Network’s grant channel on Discord. Following application submissions, the selection committee will evaluate each project and inform successful applicants with further instructions.

About E Money Network

E Money Network is a regulated Modular RWA blockchain designed to enable seamless interoperability between DeFi 2.0 and RWA tokenization, aiming to bridge the liquidity gap between Web 2.0 and Web 3.0.

For inquiries, please reach out to the Head of Marketing & Branding, Shivangini Agarwal, via email.