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BitDAO’s Mantle Core Seeks to Boost Ethereum Adoption with $200 Million EcoFund

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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 Feb…

BitDAOs Mantle Core Seeks to Boost Ethereum Adoption with $200 Million EcoFund

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.  

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

Interpretation of the news:


Mantle Core, the second-tier network of Ethereum developed by BitDAO ecosystem, has recently proposed a $200 million Web3 ecological fund aimed at promoting the adoption of Mantle network by developers and Dapps.

The proposal was submitted during the BitDAO governance forum on February 27th, reflecting the ecosystem’s commitment to support the Mantle network and its goal to create an inclusive and decentralized Web3 environment. The Mantle EcoFund will focus on catalyzing innovation, promoting collaboration, and nurturing growth in the ecosystem.

At present, the mantel network provides a more efficient and cost-effective alternative to the traditional ethereum network. It seeks to address some of the fundamental challenges faced by developers in the ethereum ecosystem such as high gas fees and scalability issues. By providing a strong infrastructure, Mantle Core aims to accelerate the adoption of the Ethereum network among developers and businesses.

The proposed $200 million eco fund will be utilized to support startups, developers, and Dapps leveraging the Mantle network. The fund will be administered through a decentralized autonomous organization (DAO) and will be governed by community members. It will be used to provide grants, investments, and other types of funding to support innovative projects and initiatives in the ecosystem.

The Mantle EcoFund aims to bridge the gap between the potential of decentralized technology and its real-world applications by supporting the development of decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized applications, and other Web3 initiatives.

In summary, BitDAO’s Mantle Core’s proposal to establish a $200 million Web3 ecological fund reflects the ecosystem’s commitment to promoting the adoption of the Ethereum network among developers and Dapps. The Mantle EcoFund will be used to catalyze innovation, promote collaboration, and nurture growth in the ecosystem. It underscores the ecosystem’s desire to create a more inclusive and decentralized Web3 environment, promoting the development of innovative projects and initiatives in the space.

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