MAP Protocol Launches $1 Million Bitcoin Layer-2 DApp Support Plan
We are excited to announce the MAP Protocol Bitcoin Layer-2 dApp Support Plan, an innovative initiative designed to foster the growth and development of decentralized applications (dApps) on Bitcoin Layer-2. Our focus is to empower developers and projects that are exploring new frontiers in blockchain technology, particularly those building on the BRC-201 protocol and MAP Protocol — a Bitcoin Layer-2.
Background
With the increasing popularity of BRC-20, ARC-20, and other innovative protocols related to the Bitcoin ecosystem, the number of active users on the Bitcoin network is nearing one million and growing by 100% monthly. This surge has led to exceptionally high gas fees on the Bitcoin network, often exceeding $70, and congestion lasting for days.MAP Protocol’s Layer-2 solution offers an ideal environment for developers to create innovative solutions to these challenges.
Support Scope
The MAP Protocol Support Plan is committed to backing a wide range of projects, including but not limited to:
- Rollup services bridging Bitcoin Layer-1 and Layer-2 based on BRC201.
- Enhancements and innovations in Layer-2 transactions
- Enhancements and innovations in Layer-2 inscriptions.
- Diverse Layer-2 DeFi and Social applications that leverage the unique features of our platform.
Financial Support
We understand the importance of financial backing in the early stages of development. Therefore, we offer support ranging from $5,000 to $200,000. This $1 million funding is intended to accelerate development, fuel innovation, and address community needs effectively and promptly.
Eligibility Criteria
To ensure that our support reaches the most promising and impactful projects, we have set forth the following entry requirements:
- Fair Token Issuance: Projects must issue tokens in a fair manner through inscription.
- Community-Oriented: The project must clearly address the needs of the BRC20/ARC20 community, backed by a solid development roadmap and a competent team.
- Pre-Launch Stage: Applicants should not have VC funding and must be in the pre-launch stage to qualify. This is to ensure that our support plays a crucial role in the project’s development trajectory.
- Community Support: Inscribing token holders must exceed 3,000, demonstrating a strong community interest and support.
Application Process
Kickstart your innovative journey with us by filling out our application form. The form provides detailed instructions on the application process and the required documentation.
Ready to Make an Impact?
The MAP Protocol Foundation representatives stated that the Bitcoin Layer-2 ecosystem is rapidly evolving. Several inscription projects based on MAP Protocol for L2 are already under development. The two most noticeable ones are: 1) Rolluper’s roll-up solution for Bitcoin L1 and L2 (MAP Protocol); and 2) the BRC-20 L2 trading market SATSAT on the MAP Protocol network. These two projects already have over 10,000 community members with 0.1 BTC locked per person.
A core aspect of BRC-20 is fair inscription, which means a BRC-20 project or developer would first self-fund the whole development costs. This is not a trivial challenge for any seedling project. As a Bitcoin Layer 2, MAP Protocol believes in the transformative power of the Bitcoin ecosystem and its potential to create a more interconnected and efficient digital world. Thus, we launched this support plan to fund and incentivize Bitcoin layer-2 innovations to solve the issue of high gas and long-time congestion and make the Bitcoin network as a whole more sustainable.
Through this support plan, we aim to be a catalyst in the Bitcoin Layer-2 ecosystem, enabling developers and visionaries to bring their innovative ideas to life, and transforming BRC-20 from meme coins to tokens with real-world utilities. Join us in shaping blockchain’s future and expanding the Bitcoin ecosystem.
About MAP Protocol
MAP Protocol is a Bitcoin Layer 2 network focused on cross-chain interoperability. By submitting the hash and signature of the last block of each epoch as a checkpoint to the Bitcoin network, MAP Protocol further strengthens its security. Meanwhile, the BRC201 protocol has been developed to enable the interchange of BRC20 assets with the Bitcoin Layer-2 network — MAP Protocol).
By building upon ZK and Light Client technology, it enables peer-to-peer cross-chain interoperability for assets on popular blockchains such as Ethereum, BNB Chain, Polygon, Conflux, Klaytn, etc. Through MAP Protocol, assets on those blockchains can easily interact with assets on the Bitcoin network and open doors for new types of decentralized applications and innovations.
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