The new proposal of BitDAO’s L2 network Mantle proposes to establish a $200 million Web3 ecological fund

On February 27th, Mantle Core, the second-tier network of Ethereum developed by BitDAO ecosystem, submitted a proposal at the governance forum of BitDAO on February 26th to establish a $200 million Web3 ecological fund, Mantle EcoFund, aimed at promoting the adoption of Mantle network by developers and Dapps.  

Interpretation of this information:

The BitDAO ecosystem has proposed the establishment of a Mantle EcoFund, a $200 million Web3 ecological fund, to promote the adoption of Mantle network by developers and DApps. Mantle Core, the second-tier network of Ethereum developed by BitDAO, submitted this proposal on February 27th to the BitDAO governance forum.

The Mantle network is designed to improve performance and scalability in Ethereum, which is a decentralized blockchain platform that enables smart contracts and DApps to run without downtime, fraud, or interference from third parties. The Mantle network aims to enhance Ethereum’s processing power, enabling developers to build more sophisticated DApps that can handle higher transaction volumes. The establishment of the Mantle EcoFund intends to further this goal and attract more developers and DApps to the Mantle network.

The Mantle EcoFund will offer several types of support, including developer grants, ecosystem funding, and community support initiatives. The developer grants will provide funding to developers to work on DApps that can run on the Mantle network. Ecosystem funding, on the other hand, will focus on growing the Mantle network and its surrounding infrastructure, which includes tools, libraries, and dApp developer resources. Community support initiatives will be dedicated to supporting the growth of the Mantle community.

The proposal aims to encourage developers and DApps to adopt the Mantle network and benefit from its improved performance and scalability. It is expected that the establishment of the Mantle EcoFund will promote innovation and development on the Mantle network, enhance the value proposition of the Mantle network, and strengthen the overall Ethereum ecosystem. The BitDAO ecosystem believes that the establishment of the Mantle EcoFund will accelerate the growth of the Mantle network, leading to the adoption of the Mantle network by more developers and DApps.

In summary, the BitDAO ecosystem has proposed the establishment of a Mantle EcoFund, a $200 million Web3 ecological fund, aimed at promoting the adoption of the Mantle network by developers and DApps. The fund will offer developer grants, ecosystem funding, and community support initiatives to encourage innovation and development on the Mantle network. The proposal aims to accelerate the growth of the Mantle network, strengthening the overall Ethereum ecosystem. The three keywords are Mantle network, Web3 ecological fund, and adoption.