{"id":39780,"date":"2021-03-29T20:13:41","date_gmt":"2021-03-29T17:13:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39780"},"modified":"2025-08-30T11:16:04","modified_gmt":"2025-08-30T08:16:04","slug":"tendermint-to-launch-20-million-fund-to-develop-the-cosmos-ecosystem","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tendermint-to-launch-20-million-fund-to-develop-the-cosmos-ecosystem\/","title":{"rendered":"Tendermint to launch $20 million fund to develop the Cosmos ecosystem"},"content":{"rendered":"<p>The Tendermint project announced the launch of a $20 million fund to support promising Cosmos-based projects built on the interoperability-focused blockchain. The news is reported by <a href=\"https:\/\/www.coindesk.com\/tendermint-launches-20m-venture-fund-to-boost-development-across-cosmos\" target=\"_blank\" rel=\"noreferrer noopener\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We have created a funding source for teams aiming to build on our stack. Our goal is to lay the groundwork for decentralized networks as a component of the Cosmos ecosystem,&#8221;<\/em> Tendermint&#8217;s CEO Peng Zhong said.<\/p>\n<\/blockquote>\n<p>The launch of the fund coincides with the activation of the <simple_tooltip content=\"In its own way this is a zero-layer protocol, a client for all other protocols.\">IBC protocol<\/simple_tooltip> (<a href=\"https:\/\/cosmos.network\/ibc\" target=\"_blank\" rel=\"noreferrer noopener\">Inter-Blockchain Communication<\/a>).<\/p>\n<p>It enables separate chains built on the Tendermint core to operate together. IBC can be used to transfer both fungible (cross-chain payments) and non-fungible tokens between blockchains.<\/p>\n<p>On the basis of the IBC protocol, one can create multi-chain contracts and address blockchain scalability issues through  <a href=\"https:\/\/forklog.com\/en\/news\/what-is-sharding\">sharding<\/a>.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">IBC can facilitate multi-chain contracts, enabling the passing of data and messages b\/w contracts, with logic split across blockchains. Additionally, IBC solves blockchain scalability problems through sharding \u2014 the splitting of popular blockchain apps across multiple chains. <a href=\"https:\/\/t.co\/gybPD0FOiZ\">pic.twitter.com\/gybPD0FOiZ<\/a><\/p>\n<p>\u2014 Cosmos \u2014 The Interchain \u269b\ufe0f (@cosmos) <a href=\"https:\/\/twitter.com\/cosmos\/status\/1376529872462430212?ref_src=twsrc%5Etfw\">March 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>Tendermint Ventures, tokenised in ATOM and IRIS, will become the Cosmos ecosystem&#8217;s largest fund. It will complement Terraform Capital&#8217;s <a href=\"https:\/\/www.coindesk.com\/terraform-labs-fund-defi-security-audits\" target=\"_blank\" rel=\"noreferrer noopener\">$10 million fund<\/a> launched in February, which focuses on supporting DeFi protocols built on the Terra stablecoin.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We aim for projects to complement each other. For instance, one may work in a given DeFi aspect, while another would integrate these developments,&#8221;<\/em> said a Tendermint Ventures administrator.<\/p>\n<\/blockquote>\n<p>In January, Terraform Labs attracted $25 million to expand the asset&#8217;s use in the DeFi sector.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tendermint project announced the launch of a $20 million fund to support promising Cosmos-based projects built on the interoperability-focused blockchain.<\/p>\n","protected":false},"author":1,"featured_media":39781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Tendermint unveils a $20 million fund to back Cosmos interoperability projects.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1173,1192,1778],"class_list":["post-39780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cosmos-atom","tag-developers","tag-ecosystem"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"Tendermint unveils a $20 million fund to back Cosmos interoperability projects.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=39780"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39780\/revisions"}],"predecessor-version":[{"id":39782,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/39780\/revisions\/39782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/39781"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=39780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=39780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=39780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}