Covalent (CQT) Announces Grants Program & API Credits for Cronos Ecosystem, Supercharging Future Web3 Innovation

Covalent extends its grants program to Cronos ecosystem developers, offering up to $25,000 in API credits and expert mentorship to foster Web3 innovation across multiple sectors.

Covalent (CQT) Announces Grants Program & API Credits for Cronos Ecosystem, Supercharging Future Web3 Innovation

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In a significant step toward fostering innovation in Web3, Covalent is excited to announce that it is extending its grants program to developers within the Cronos ecosystem. This strategic move aims to catalyze innovation and collaboration by providing support and resources to projects building on top of Covalent’s API infrastructure within the Cronos network.

Covalent stands out as an unparalleled solution for Cronos developers seeking to enhance their projects with real-time, historical onchain data. With the capacity to query data from over 100 billion decoded transactions across 225+ blockchains, Covalent’s Unified API stands as the largest and most comprehensive structured Web3 dataset. Noteworthy for its cryptographic security and adherence to enterprise-grade reliability, Covalent’s dataset further distinguishes itself by offering decentralized means of accessing Web3 data–driving innovation within the Cronos ecosystem.

Key to fostering innovations in categories including decentralized finance (DeFi), AI and machine learning, gaming, NFTs, analytics, and more, this extensive access equips Cronos developers with a fundamental foundation for innovation across a diverse array of blockchain use cases. By leveraging Covalent’s API, developers can tap into a rich reservoir of structured data that fuels their dApps, enabling them to gain valuable insights and drive innovation with confidence.

Through the Covalent API Grants program, developers within the Cronos ecosystem have the opportunity to receive expert mentorship and funding of up to $25,000 in API credits to support their projects. This financial support not only accelerates development but also fosters a dynamic ecosystem of innovative solutions on Cronos, propelling the platform’s growth and impact.

Since its launch in fall 2023, the Covalent Grants program has awarded nearly $600,000 to 40 groundbreaking projects, spanning a wide range of categories from DeFi to data analytics to security enhancements and crypto AI projects. With the largest set of verified onchain data in Web3 at their disposal, developers on Cronos have the tools they need to build and innovate with confidence.

This announcement represents a shared commitment to advancing blockchain technology and empowering developers worldwide. Through collaborative initiatives like this, Covalent and Cronos aim to democratize access to data and foster a thriving ecosystem of decentralized applications, driving the next wave of innovation in the blockchain space.

About Covalent

Covalent (CQT) is the home for Web3 data, enabling millions of users to build the new economy of products in AI, Big Data, and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A pillar of the DePIN ecosystem, Covalent serves developers, analysts, innovators, and 1000’s of customers with comprehensive, real-time data access to +225 blockchains and growing. Learn how Covalent is building the long-term data availability ‘Ethereum Wayback Machine’.

For more information, check out Covalent’s Twitter/X

About Cronos

Cronos is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK. Supported by and more than 500 app developers and partners, its mission is to make it easy and safe for the next billion crypto users to adopt Web3, with a focus on decentralized applications in the DeFi, NFTs and GameFi verticals.

Follow Cronos on Twitter/X, Join their Discord and Telegram