NodeRun launches Quick Grants to bootstrap novel community projects
NodeRun, an Israeli tech startup and provider of blockchain infrastructure service, today announced the launch of Quick Grants – a groundbreaking initiative for funding community projects. The program will distribute 10% of the validator rewards collected by NodeRun to successful Quick Grant applicants.
Through Quick Grants, NodeRun aims to facilitate ecosystem growth and simplify the process of obtaining funding for innovative teams looking to kick-start their projects. The first Quick Grant has been awarded to ONS.gg, in collaboration with cross-chain communication protocol Axelar. The funds will be used to develop a cross-chain ENS service, and ONS.gg has been granted 5,000 AXL tokens to further their solution.
Commenting on the launch, Julian Alvarez Silva, CEO of ONS.gg sadi: “The ONS team is looking forward to bringing interoperability to all users. The NodeRun grant will help us deploy contracts across 30+ chains as well as setting servers and RPCs up so everything works smoothly.”
Founded by Eyal Alsheich, NodeRun is an Israel-based blockchain node and validator service for proof of stake networks. It serves 13 networks and has a major presence within the Cosmos ecosystem. Through Quick Grants, NodeRun funds innovative projects, disbursing a portion of the fees it collects and directing them to enterprising startups.
NodeRun CEO Eyal Alsheich explained: “NodeRun participates in the early stages of network deployment, running testnet nodes and helping with technical documentation. Then, when the network goes live, we give a portion of our validator fees back to the ecosystem in the form of Quick Grants. While our focus is on the Cosmos ecosystem, where half of our nodes are based, we welcome Quick Grant applicants from every ecosystem that’s creating something truly innovative.”
Node Capital founder Amos Meiri said: “We’re happy to have supported and incubated the development of NodeRun. Today, NodeRun supports many of our investments such as Lava, Stride, and Axelar, providing maximum uptime, performance, and excellent support.”
NodeRun operates on 13 PoS chains with a particular focus on the Cosmos ecosystem. Its node service is utilized by DeFi developers, investment funds, and institutions. Initially developed within Node.Capital, NodeRun is now an independent entity serving different partners as well as its own delegation nodes. Networks supported by NodeRun include Axelar, Stride, Polygon, Ethereum, Lava, Arbitrum, Fantom, Avalanche, and Kava.
Aside from providing node and validator services, NodeRun actively participates in the networks as it’s deployed, taking part in testnets, governance, and documentation. As a community-focused service, NodeRun aims to support the blockchain ecosystems it’s involved with, not just from a technical perspective, but a financial one too.
The commission fees NodeRun collects for operating validator services enable the company to play an active role in supporting innovative projects. Quick Grants help turn outstanding ideas into viable concepts, giving small teams the head start they need to succeed.