The Good Tech Companies - E Money Network Launches $2 MILLION RWA Grant Program To Spearhead RWA Ecosystem

Episode Date: July 3, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/e-money-network-launches-$2-million-rwa-grant-program-to-spearhead-rwa-ecosystem. The E Money Network supports interoperability with Inter-Blockchain Communication (IBC), allowing the development of applications that can communicate with othe Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #emoney-network, #chainwire, #press-release, #emoney-network-announcement, #rwa, #crypto-funding, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million. The program will enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. E Money Network has built-in compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB) and Know Your Transaction (KYT)

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. eMoney Network launches $2 million RWA grant program to spearhead RWA ecosystem by Chainwire. Bengaluru, India, July 3, 2024, Chainwire, eMoney Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. eMoney Network's architecture unlocks a world of POSSIBILITIES. eMoney Network is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK

for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into applications. The eMoney network supports interoperability with Inter Blockchain Communication IBC, allowing the development of applications that can communicate with other IBC-compatible blockchains. eMoney Network has built-in compliance modules including Know Your Customer, KYC, Know Your Ownership, KYB, and Know Your Transaction, KYT, to enable adherence to the upcoming markets in crypto assets, MICA, regulations. The CEP features ensure that every entity and transaction in an application built on the eMoney Network is also MICA, regulations. The CEP features ensure that every entity and

transaction in an application built on the eMoney network is also MICA-compliant by default. Objectives of the grant program as a part of its hashtag BUID Lawn EMN initiative, eMoney network invites developer teams with disruptive RWA-centric ideas to build on the eMoney network and bring innovative solutions to life. Applicants can submit requests for proposals, RFPs, detailing their ideas for RWA applications. Its $2 million grant pool will be distributed as initial capital among eligible projects. Greater than e-money network CEO Raj Bhagati quoted, RWA ecosystem is in its nascent greater than stages, and building the RWA ecosystem with numerable RWA-specific greater than applications will help in shaping e-money network's trajectory

and greater than spearheading new advancements for the wider RWA ecosystem. Hence, we are greater than launching the biggest grant program to enable the next generation of greater than entrepreneurs seeking to rebuild the financial markets with RWA applications. Evaluation criteria for winning GRANTSA Group of Technology Experts, Marketing Professionals and Experienced Community Members will form the Selection Committee for reviewing grant applications. Applications to the grant program will be evaluated on the basis of the following criteria 1. The project's objective and scope. 2. The anticipated impact of the project. 3. The project's milestones and KPIs.

4. Expected budget. 5. Team details including roles, responsibilities and prior experience of each team member. 6. Product roadmap. Each proposal must include at least three milestones with measurable KPIs such as user growth, TVL increase, transaction volume, etc. Depending on the aforementioned factors, projects can become eligible to win grants ranging from $5,000 to $50,000 based on requirements and scale of the product. Additionally, eMoney Network will also provide winners of the grant program access to mentorship from industry experts, legal and compliance support, marketing and growth support,

networking opportunities with other RWA projects and eMoney Network's core developers. How to a PPLY-interested developers and builders can join the hashtag BUIDLONEMN initiative by filling out the grant application form here and joining eMoney Network's grant channel on Discord. After the submission of the application, the selection committee will evaluate the project. Successful applications to the grant program will be notified along with further instructions. About eMoney NETWORK eMoney Network is the regulated modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RW, a tokenization, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.FOR. More information users can

visit. X, LinkedIn, Blogs, White Paper. For media queries, users can contact marketing at e-money.network contact head of marketing and branding Shivangini Agarwal e-money network marketing at e-money.network. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.