{"id":68479,"date":"2022-10-12T15:54:21","date_gmt":"2022-10-12T12:54:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68479"},"modified":"2025-09-07T14:18:49","modified_gmt":"2025-09-07T11:18:49","slug":"stellar-development-foundation-launches-100m-fund-to-promote-soroban-smart-contracts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stellar-development-foundation-launches-100m-fund-to-promote-soroban-smart-contracts\/","title":{"rendered":"Stellar Development Foundation launches $100m fund to promote Soroban smart contracts"},"content":{"rendered":"<p>The Stellar Development Foundation (SDF), a nonprofit organization, has launched a $100 million fund. It will provide incentives for developers to create products and utilities on the Soroban smart-contract platform.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/2 SOROBAN NEWS: <\/p>\n<p>SDF just announced a $100 million adoption fund created to support developers contributing to and building on Soroban \ud83c\udf89 <a href=\"https:\/\/t.co\/kFr9FJJle7\">pic.twitter.com\/kFr9FJJle7<\/a><\/p>\n<p>\u2014 Stellar | #Meridian2022 | Rome, Italy | Oct 11-13 (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1580120944219017216?ref_src=twsrc%5Etfw\">October 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Soroban was launched on Futurenet \u2014 a developer testnet.<\/p>\n<p>The mainnet launch of the smart-contract platform is expected in the first half of 2023.<\/p>\n<p>Participants in the first Sorobanathon rewards program, First Light, will provide code samples, guides and issue resolution on GitHub.<\/p>\n<p>Thanks to fully Turing-complete smart contracts on WASM and Rust, developers will be able to create fully fledged DeFi protocols.<\/p>\n<p>According to SDF vice president for Strategy Tomer Veller, Soroban will help address problems inherent in smart contracts on other networks, such as implementation difficulties and high costs.<\/p>\n<p>In March, the nonprofit organization<a href=\"https:\/\/forklog.com\/en\/news\/stellar-development-foundation-allocates-30-million-to-support-early-stage-startups\"> launched<\/a> a $30 million fund to support early-stage projects using the eponymous blockchain.<\/p>\n<p>Earlier in August, Grayscale&#8217;s asset-management arm did not rule out<a href=\"https:\/\/forklog.com\/en\/news\/grayscale-does-not-rule-out-classifying-zcash-stellar-and-horizen-as-securities\"> classifying<\/a> Stellar as securities.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Stellar Development Foundation (SDF), a nonprofit organization, has launched a $100 million fund. It will provide incentives for developers to create products and utilities on the Soroban smart-contract platform.<\/p>\n","protected":false},"author":1,"featured_media":68480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,54,243],"class_list":["post-68479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-smart-contracts","tag-stellar"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68479","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=68479"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68479\/revisions"}],"predecessor-version":[{"id":68481,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68479\/revisions\/68481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/68480"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=68479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=68479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=68479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}