Merlin Chain Launches $210 Million Ecosystem Grant Program to Boost BTC Layer-2 Development

Merlin Chain, a prominent Bitcoin Layer-2 (BTC L2) ecosystem, has unveiled Merlin's Adventure, a comprehensive ecosystem grant program designed to bolster the development and adoption of Bitcoin native applications. With a substantial allocation of 210 million $MERL tokens, the program aims to empower global builders and innovators, driving the growth of the BTC L2 ecosystem.

Over the past year, Merlin Chain has achieved remarkable milestones, including the highest Total Value Locked (TVL), the largest developer community, and the most robust user base among BTC L2 projects. Merlin's Adventure seeks to further invigorate this ecosystem by inviting builders worldwide to apply for grants across five key categories: User Experience Pioneer, BTC Native Assets Innovator, Merlin Visibility Trailblazer, Ecosystem Engagement Leader, and Bitcoin Innovation Pathfinder.

Selected projects will benefit from a comprehensive support package that includes:

1. Funding: Up to 1,000,000 $MERL per milestone, with a total of 210,000,000 $MERL tokens allocated.

2. Networking: Access to investor relations, ecosystem partnerships, developer networks, media resources, influencers, and local communities.

3. Technical Support: 24/7 technical assistance, infrastructure and tools, security audits, and workshops.

4. Marketing Support: AMAs, online and offline events, and ecosystem campaigns.

5. Strategy and Product Advice: Regular reviews on product milestones, growth strategies, business mentoring, and market insights.

The application process for Merlin's Adventure is now open and will continue on a rolling basis. Interested projects are required to submit a pitch deck detailing their proposal, product progress, roadmap, team background, and other essential information. The Merlin Chain Ecosystem Team will review applications and select projects for interviews, which will include a 30-minute online pitch and product demo, followed by a Q&A session.

The Merlin Community will play a crucial role in the decision-making process. All grant applications will be shared on a public platform to invite constructive feedback from other projects and partners. A future voting mechanism will allow the community to vote for their favorite projects using $MERL tokens.

Selected projects will be announced on a rolling basis, followed by a PR schedule that includes social media promotion, spotlight articles, and AMAs. The Merlin Team will distribute the $MERL grants in stages based on achieved milestones while providing continuous support for the development and growth of the ecosystem projects.

A representative of Merlin Chain stated, "We believe that the Bitcoin ecosystem has immense potential to foster boundless innovative applications for BTC Hodlers. By launching Merlin's Adventure, we aim to support and collaborate with passionate builders and enthusiastic individuals who share our vision of making Bitcoin fun again."

For more information about Merlin's Adventure and to apply for the grant program, please visit the Merlin's notion page.

Merlin Chain is a native Bitcoin Layer2 committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network. Merlin Chain integrates a ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. With over 3.5 billion TVL locked within 30 days of its mainnet launch, Merlin Chain is backed by Bitmap Tech, a premier OG team with an overall market cap exceeding $500 million.

Website | Twitter | Discord | Grant Application Form | Merlin's Adventure Notion

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.