Demex Daily #305: XION Launches $12.6M Anti-Grant Program to Boost Web3 Adoption

What’s Interesting Today:

XION, the walletless layer-one blockchain, has launched a $12.6M "Anti-Grant-Grant Program" in partnership with Thrive Protocol to accelerate Web3 adoption. The program aims to support sustainable builder growth and practical applications within the XION ecosystem by offering upfront funding and ensuring accountability through a "Wall of Shame" for non-delivering developers. Thrive Protocol will apply its proof-of-value (POV) system for efficient capital allocation, ensuring real-world impact. The program opens on December 13, 2024, and invites developers to apply based on project feasibility and Web3 adoption potential.

Dentity has acquired Trinsic's decentralized identity platform to expand Web3 digital identity solutions. This acquisition strengthens Dentity’s position in the decentralized identity space, enabling consumer-controlled data sharing and increased privacy. It integrates Trinsic’s identity technology with Dentity’s ecosystem, aiming to combat rising online fraud and provide users more control over their personal information. The digital identity market is projected to reach $325 billion by 2027, positioning Dentity to capitalize on this growth. The deal enhances consumer trust, enabling secure and verifiable digital identities for millions.