Core Foundation Launches ‘Core Commit Program’ Offering Blockchain Developers Funding and Access to 100+ VCs

Core
Foundation,
the
entity
behind
Core,
an
essential
Proof
of
Stake
layer
enabling
Non-Custodial
Bitcoin
Staking,
today
announced
the
launch
of
its
new “Core
Commit”
program.
This
three-month
initiative
is
designed
to
incentivize
developers
to
build
dApps
on
the
Core
blockchain
by
providing
expert
mentorship,
resources,
and
direct
access
to
venture
capital
through
Core
Ventures
and
the Core
Ventures
Network,
including Google, UTXO, Foresight
Ventures, Faction,
and
many
more.
A
total
of
$75,000
worth
of
CORE
tokens
will
be
distributed
throughout
the
program,
with
$25,000
awarded
monthly
based
on
performance
and
project
milestones.

As
Core
blockchain
continues
to
lead
Bitcoin
staking
and
BTCfi,
Core
Commit
provides
a
unique
opportunity
for
new
developers
to
contribute
to
the
Core
ecosystem
at
a
pivotal
time
of
growth
and
innovation.
Core
launched Non
Custodial
Bitcoin
staking in
April
2024,
allowing
users
to
earn
a
risk-free
return
by
locking
their
Bitcoin
in
time-locked
contracts,
without
giving
up
custody.
Since
then,
users
have
staked
nearly
5,000
BTC,
giving
Bitcoin
holders
a
secure
way
to
generate
yield
without
more
risk.
The BTCfi
ecosystem on
Core
is
also
growing
exponentially,
with
over
400
million
dollars
in
TVL
and
more
than
80,000
daily
active
users.
Core’s
ecosystem
supports
DeFi
applications,
staking,
payments,
gaming,
NFTs
and
more,
all
built
on
Bitcoin’s
secure
foundation. 

“Core
Commit
is
designed
to
empower
developers
by
providing
the
resources
and
mentorship
they
need
to
build
impactful
dApps
on
Core,” said
Rich
Rines,
Core
Contributor
at
Core
Foundation. “As
the
BTCfi
ecosystem
on
Core
grows,
we
see
this
program
as
an
essential
step
in
driving
sustainable
development
across
the
chain.
By
offering
direct
access
to
mentorship
from
industry
leaders
and
venture
capital,
we
are
ensuring
that
builders
have
everything
they
need
to
succeed
and
scale
their
projects.”

Core
Commit
applications
will
open
on October
14,
2024,
and
developers
will
have
until
November
14th,
2024
to
submit
proposals.
To
qualify
for
rewards
within
the
program,
projects
must
be
open-sourced,
and
developers
are
required
to
demonstrate
tangible
progress
through
code
commits
on
GitHub.
At
the
end
of
the three-month
program,
teams
will
showcase
their
projects
during
a
Demo
Day,
with
potential
opportunities
for
further
funding.
The
first
cohort,
scheduled
to
run
from October
14,
2024,
to
February
28th,
2025, will
select
up
to 10
development
teams.
Participants
will
receive
monthly
rewards
in
CORE
tokens
based
on
their
progress. 

Core
Ventures,
the
investment
arm
of
the
Core
Foundation,
will
provide
hands-on
guidance
to
participating
teams,
helping
them
scale
their
projects
and
potentially
secure
additional
investment.
Some
of
the
Core
Commit
program
mentors
include
CEO
and
Founder
of
Etherfi,
Mike
Silagadze, BitGo Managing
Director
&
Global
Head
of
Sales,
Thomas
Chen,
Chief
Legal
Officer
of
Bitcoin
Legal
Defense
Fund,
Jess
Jonas,
Strategic
Industry
Business
Development
Manager
of
Google,
Grace
Li,
and
Web3
Marketing
Specialist
 Min
Kim.
The
program
is
a
key
part
of
the
foundation’s
strategy
to
drive
BTCfi
forward,
which
continues
to
see
rapid
growth.

About
Core

Core
serves
as
the
Proof
of
Stake
layer
for
Bitcoin
as
the
first
enabler
of
Self-Custodial
Bitcoin
Staking,
which
secures
a
fully
EVM-compatible
BTCfi
ecosystem.
Since
April
2024, over
5,500
BTC valued
at
more
than
$300
million
have
been
staked
with
Core,
enhancing
Bitcoin’s
utility
and
security.

Core
is
the
most
Bitcoin-aligned
EVM
blockchain
with
~55%
of
Bitcoin
mining
hash
power
contributing
to
the
network’s
security.
This
breakthrough
has
amassed
millions
of
Core
adopters
–
over 21M
unique
addresses, 279M+
transactions,
and over
420M
TVL since
its
mainnet
launch
in
January
2023.