Starknet Foundation launches $5m grant program

Projects operating on the mainnet for more than three months or with a group of users cannot apply for funding. Additionally, the program is not available to teams that are involved in drugs, gambling, illegal trade, money laundering, firearms, or any criminal activity.

In March, the Starknet Foundation announced the establishment of a Gaming Committee to develop the ecosystem further. The committee will be responsible for shaping strategies and programs for expanding into the relevant entertainment industry sector.

In February, the Starknet project entered the top five networks in total value locked (TVL). The Starknet Foundation team also announced an airdrop among 1.3 million users.

A few days after the announcement, the number of active users on the Starknet network dropped sharply amid criticism of the terms of reward distribution.