Author: Sahil Poudel

Avalanche Launches $40M Grant to Support Layer-1 Developers

Retro9000: Avalanche Launches $40M Grant to Boost Layer-1 Development and Ecosystem Growth

Avalanche’s $40M Developer Grant Program

Avalanche has announced a $40 million grant program called Retro9000, which aims to motivate, inspire, and encourage all aspiring L1 developers. The start of this project by Avalanche is for the enhancement of their already established blockchain ecosystem, particularly for the Layer-1 chain.

Retro9000 Program and Ecosystem Growth

The Retro9000 grant program will reward developers who contribute to improving Avalanche’s blockchain ecosystem. The developers should also contribute by building on the Layer-1 chain. Retro9000 was introduced to make project launching easier and lower Blockchain deployment costs. Retro9000 itself is part of a broader Avalanche9000 upgrade, which enables more developers to participate. Additionally, Avalanche’s DeFi ecosystem continues to benefit from partnerships with platforms like Aave, Benqi Finance, and others.

Encouraging Open Development and Ecosystem Expansion

Retro9000 allows developers to build publicly encouraging community support. This allows any new project to gain community support which helps to test the project before launch. With programs such as Retro9000 and Avalanche9000, new opportunities are created for both the developers and the users to engage and earn rewards.

PEPU – An Ethereum Layer-2 raises $15 Million

Pepe Unchained is taking advantage of the growing trend of Layer-2 Blockchain, which works as a solution built on top of already scaled and successful major blockchains such as Ethereum. This is done to drastically enhance scalability and reduce costs. Several other memecoins die out and don’t get to see the light of day as soon as the hype dies out but Pepe Unchained has distinguished itself by introducing the first Layer-2 network focused solely on the meme, internet culture, and turning it into a profitable blockchain empire.

The Layer-2 known as “Pepe Chain” is detailed to be 100 times faster than Ethereum featuring a special block to instantly bridge back to the Ethereum network. With this massive technological Innovation, PEPE has managed to attract a following of over 25,000 potential Buyers, with over 8100 members in its telegram channel and over 19,000 Twitter followers.

The presale of PEPU offers PEPU tokens at $ 0.00985, and as the project continues and it’s value increases. Not only this but PEPE Unchained also offers double staking rewards, and provides additional payment or output for early investors. The team behind this project has also hinted at launchinghttps://x.com/pepe_unchained/status/1838641240583344541 a custom Decentralized Exchange(DEX) on the Pepe Chain.

Affect of US Presidential Election on Crypto

In a speech on September 25, Kamala Harris expressed the significance of The United States becoming an international sensation on Blockchain, Cryptocurrency, Artificial Intelligence, and various other emerging technologies. She strongly emphasized the necessity to protect consumers and invest in emerging innovations to stay ahead of China.

This Support on the Cryptocurrency from Kamala Harris comes with an adverse effect. Experts believe this might cause Fluctuation on the Bitcoin value. Though 

The experts have divided opinion on how her presidency might impact Bitcoin(BTC). Some predict Bitcoin to take a nosedive and fall to $30,000, while others have their own belief that her presidency and leadership helping to increase the velocity of Bitcoin(BTC) value.

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