E Money Network launches $2 MILLION RWA Grant Program to spearhead RWA ecosystem

Bengaluru,
India,
July
3rd,
2024,
Chainwire

E
Money
Network,
a
modular
RWA
blockchain,
has
launched
the
biggest
RWA
grant
program
in
the
crypto
space,

totaling
$2
million,
to
enable

RWA
projects
to
build
on
their
blockchain
and
accelerate
the
development
of
the
RWA
economy. 

E
Money
Network’s
Architecture
Unlocks
a
World
of
Possibilities

E
Money
Network
is
an
L1
blockchain
that
acts
as
a
foundational
network
for
building
RWA
projects.
Apart
from
a
developer-friendly
SDK
for
customized
features,
it
also
has
standard
ready-made
modules
such
as
KYC
verified
onboarding,
banking,
staking,
governance
and
more
that
can
be
incorporated
directly
into
applications.
The
E
Money
Network
supports
interoperability
with
Inter-Blockchain
Communication
(IBC),
allowing
the
development
of
applications
that
can
communicate
with
other
IBC-compatible
blockchains. 

E
Money
Network
has
built-in
compliance
modules
including
Know
Your
Customer
(KYC),
Know
Your
Ownership
(KYB)
and
Know
Your
Transaction
(KYT)
to
enable
adherence
to
the
upcoming
Markets
in
Crypto
Assets
(MiCA)
regulations.
These
features
ensure
that
every
entity
and
transaction
in
an
application
built
on
the
E
Money
Network
is
also
MiCA
compliant
by
default. 

Objectives
of
the
Grant
Program 

As
a
part
of
its
#BUIDLonEMN
initiative,
E
Money
Network
invites
developer
teams
with
disruptive
RWA-centric
ideas
to
build
on
the
E
Money
Network
and
bring
innovative
solutions
to
life.
Applicants
can
submit
Requests
for
Proposals
(RFPs)
detailing
their
ideas
for
RWA
applications
.

Its
$2
million
grant
pool
will
be
distributed
as
initial
capital
among
eligible
projects.

E
Money
Network’s
CEO

Raj
Bagadi
quoted
“RWA
ecosystem
is
in
its
nascent
stages,
and
building
the
RWA
ecosystem
with
numerable
RWA-specific
applications
will
help
in
shaping
E
Money
Network’s
trajectory
and
spearheading
new
advancements
for
the
wider
RWA
ecosystem.
Hence,
we
are
launching
the
biggest
grant
program
to
enable
the
next
generation
of
entrepreneurs
seeking
to
rebuild
the
financial
markets
with
RWA
applications.”

Evaluation
Criteria
for
Winning
Grants

A
group
of
technology
experts,
marketing
professionals
and
experienced
community
members
will
form
the
selection
committee
for
reviewing
grant
applications.
Applications
to
the
grant
program
will
be
evaluated
on
the
basis
of
the
following
criteria
–

1. The
   project’s
   objective
   and
   scope
2. The
   anticipated
   impact
   of
   the
   project
3. The
   project’s
   milestones
   and
   KPIs
4. Expected
   budget
5. Team
   details
   including
   roles,
   responsibilities
   and
   prior
   experience
   of
   each
   team
   member
6. Product
   roadmap

Each
proposal
must
include
at
least
three
milestones
with
measurable
KPIs
such
as
user
growth,
TVL
increase,
transaction
volume,
etc. 

Depending
on
the
afore-mentioned
factors,
projects can
become
eligible
to
win
grants
ranging
from
$5000
to
$50000
based
on
requirements
and
scale
of
the
product.
Additionally,
E
Money
Network
will
also
provide
winners
of
the
grant
program
access
to
mentorship
from
industry
experts,
legal
and
compliance
support,
marketing
and
growth
support,
networking
opportunities
with
other
RWA
projects
and
E
Money
Network’s
core
developers. 

How
to
Apply

Interested
developers
and
builders
can
join
the
#BUIDLonEMN
initiative
by
filling
out
the
grant
application
form

here
and
joining
E
Money
Network’s
grant
channel
on

Discord.
After
the
submission
of
the
application,
the
selection
committee
will
evaluate
the
project.
Successful
applications
to
the
grant
program
will
be
notified
along
with
further
instructions. 

About
E
Money
Network

E
Money
Network
is
the
regulated
Modular
RWA
blockchain.
It
serves
as
an
L1
blockchain
designed
for
seamless
interoperability
between
DeFi
2.0
and
RWA
tokenisation,
effectively
establishing
a
network
that
aims
to
bridge
the
liquidity
divide
between
Web
2.0
and
Web
3.0.

For
more
information
users
can
visit:

X
|

LinkedIn
|

Blogs
|

Whitepaper
 

For
media
queries,
users
can
contact:

[email protected]

Contact

Head
of
Marketing
&
Branding
Shivangini
Agarwal
E
Money
Network
[email protected]