[IDP2] SPACE ID Grant Program Funding

Overview

IDP2 aims to secure funding for the SPACE ID Grant Program, which seeks to foster innovation within the blockchain community by providing financial support to developers and entrepreneurs that integrate our SDK/API or launch their projects on top of the SPACE ID ecosystem. We are requesting a total budget of $200,000 from the DAO treasury.

Purpose

The SPACE ID Grant Program is designed to advance the frontier of blockchain technology by backing projects that align with our vision. By allocating funds to this program, the DAO community is investing in the expansion of the SPACE ID ecosystem, creating additional utility for .bnb and .arb domain holders, and driving the growth of the overall SPACE ID community.

Scope

The grant program will cover two categories of projects: those integrating Web3 domains with SPACE ID SDK/API, and those building on top of the SPACE ID ecosystem. Five tracks are available for applicants to apply: Wallet, DApps, Gaming, Tooling, and CEX. Participants are also encouraged to create additional unique utility for SPACE ID domains, expanding the list of overall domain use-cases and increasing the value of our ecosystem.

Implementation

Projects will be evaluated based on daily active users, integration utility, and integration strength. Grant allocations range from $200-$5,000, depending on the project's popularity and its utility for SPACE ID domain holders. In the spirit of transparency and accountability, all grants distributed through the SPACE ID Grant Program will be made public, ensuring every member of our community can see where and how these resources are being allocated. Additionally, a dedicated committee has been formed to oversee the evaluation process. The committee members include:

• arton.bnb, SPACE ID team
• nilah.bnb, SPACE ID team
• eddiez.bnb, SPACE ID team
• steven.bnb - Space Aurora
• bigblackcrypto.bnb - Space Aurora

Timeline

The first round of project submission will occur from May 9th to July 31st, with subsequent rounds to follow. Each grant distribution cycle will occur every two to four weeks.

Budget

We are requesting a total budget of $200,000 from the DAO treasury. These funds will be distributed as grants to qualifying projects. If the allocated funds are not distributed within the first round, they will be utilized to provide grants in future rounds.

Expected Outcomes

• Enhanced Ecosystem: Projects supported by the Grant program will contribute to the expansion and enhancement of the SPACE ID ecosystem. This includes adding more functionalities for .bnb and .arb domain holders.
• More Web3 Integrations: We expect to see more projects integrating Web3 domains with the SPACE ID SDK/API. This will make our platform more versatile and useful to users.
• Development Across Different Areas: By dividing the Grant program into five tracks (Wallet, DApps, Gaming, Tooling, and CEX), we can anticipate development and growth across these different areas within our ecosystem.
• Community Empowerment: The program will empower our community members to actively contribute to the growth and development of SPACE ID, fostering a strong sense of ownership and involvement.
• Enhanced Reputation: By fostering innovation and backing projects, the SPACE ID brand may gain more recognition and esteem in the blockchain community, positioning us as a supportive platform for developers and entrepreneurs.
• Long-term Sustainability: The ongoing nature of the Grant program can help ensure the long-term sustainability and relevance of SPACE ID in a rapidly evolving blockchain landscape.

Additional Information

For more information about the SPACE ID Grant Program and its application process, please refer to the Grant Program blog post - https://blog.space.id/introducing-grant-program-innovating-in-the-space-id-ecosystem-fd21cd7a00f