Sui Foundation Revamps RfP Grant Program to Empower Developers
Zach Anderson Oct 16, 2024 19:01
Sui Foundation updates its Request for Proposals program, offering new opportunities for developers through rolling cohorts and flash RfPs to address ecosystem needs.
The Sui Foundation has announced significant updates to its Request for Proposals (RfP) program, designed to enhance opportunities for blockchain developers within its ecosystem. The revamped program aims to better align with the diverse needs of the Sui community through distinct long- and short-term project categories, according to The Sui Blog.
Program Enhancements
The updated RfP initiative introduces two major components: rolling RfP cohorts and flash RfPs. Rolling cohorts are intended for long-term projects that require significant time and resources, offering developers the chance to tackle larger-scale challenges. Meanwhile, flash RfPs focus on short-term projects, providing quick, impactful solutions to pressing ecosystem needs.
This strategic approach is expected to drive focused development and foster collaboration by funding projects that align closely with Sui's ecosystem requirements. By clearly defining each RfP's focus area, the program encourages developers to propose and construct solutions that address specific challenges when funded.
Structured Project Funding Path
The RfP 2.0 program introduces a structured path to ensure transparency and smooth processing of proposals. Interested developers must submit their applications via the Sui Grants Hub, adhering to defined application windows and addressing the outlined RfP goals.
Once submitted, proposals undergo a review period where they are evaluated for alignment with RfP requirements and feasibility. A dedicated committee will shortlist and vote on proposals to receive funding. Selected teams will then undergo identity verification to maintain accountability before signing a grant agreement detailing project milestones and timelines. With the agreement in place, development can commence.
Call to Action for Developers
With RfP Cohort 2 now live, the Sui Foundation invites skilled developers, community members, and innovative thinkers to contribute to the ecosystem's growth. The initiative offers a broad range of opportunities for both seasoned builders and newcomers to make their mark on Sui's future. Interested parties are encouraged to explore the possibilities through the Sui Grants Hub.
This program revamp marks a significant step forward in fostering innovation within the Sui ecosystem, aiming to accelerate growth and development through targeted funding and strategic project alignment.
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