Key highlights
- The first initiative offers free development workshops and grants for Rootstock developers. The second initiative will launch $2.5m in grants for Rootstock DeFi startups and developers.
- IOV Labs aims to create a fair and equitable global financial system where everyone can participate and prosper by supporting community-built decentralized finance through Rootstock grants and developer support.
- RIF provides open tools to enable the creation of simple, secure, and affordable financial services atop Rootstock.
IOV Labs announced developments to support Rootstock growth and a refocused RIF. Two new RIF initiatives aid developers using blockchain for fintech products. New workshops and an updated look aim to accelerate fintech development on Rootstock’s sidechain.
IOV will offer free development workshops and grants for Rootstock developers. Rootstock is a Bitcoin sidechain for secure, censorship-resistant finance services.
Active finance entrepreneurs can build with RIF to integrate crypto into their products or start something new. IOV backs Rootstock and RIF to realize their vision of an equitable system where everyone prospers. At Consensus 2023, IOV showed its commitment to financial inclusion through Rootstock grants and developer support.
Pei Chen, vice president of IOVLabs Growth, commented: “IOVLabs’ investment in the Rootstock strategic grants program reflects our commitment to supporting the development of a decentralized financial ecosystem through community effort.”
RIF Enables Simple, Secure Money Services
IOV Labs aims to create a decentralized financial ecosystem through grants and support. Over 1 billion lack finance access; RIF aims to change this by making decentralized finance easy and accessible to all.
RIF provides open tools to easily build affordable finance services atop Rootstock. RIF enables simple, secure money-sending, saving, paying, and borrowing.
IOV Labs Launches $2.5M in Grants for Rootstock DeFi Startups and Developers
IOV Labs will also launch $2.5M in grants for Rootstock DeFi startups and developers. Rootstock grants aim to fund 100 startups building on Rootstock, the most secure, permissionless and censorship-resistant Bitcoin sidechain.
Investing in Rootstock grants reflects supporting community-built decentralized finance.
Enterprises, founders, and developers can build or integrate crypto using RIF. RIF-based apps provide simple, affordable and scalable fintech for the masses.
IOV Labs founded RIF and grants to enable financial inclusion, laying ground for Rootstock and RIF to build a safe, fair global financial system where all can participate and thrive. With active community support, IOV will realize the dream of a fair, open financial system for all.
