AERGO Labs: Funding The Future : Medium Article by Jae Nam

AERGO is proud to announce the launch of the AERGO Venture Fund: a fund dedicated to dApp development!

“Start Together, Scale Together” is a fundamental ethos of the AERGO hybrid blockchain ecosystem. AERGO is proud to announce the AERGO Venture Fund whose vision and ambition is to fund projects which will directly build on AERGO!

Why Build On AERGO: The Opportunities For Developers

Developing on AERGO is both economically and developmentally practical. Developers enjoy the benefits of security, efficient scalability and a developer-friendly environment.

Developers are able to code more efficiently with the AERGO LUA Smart Contract Language. AERGO provides an optimized smart contract engine that enables lightning fast execution. Flexibility and performance is incumbent for the foundation and development of practical decentralized applications. AERGO’s multi-chain paradigm embodies this notion (AERGO is extremely scalable boasting 10,000 TPS at a miniscule cost of approximately $.001 per transaction) and as a result of its hybrid model, AERGO aims to scale private and public blockchains for projects of all sizes. AERGO also ensures maximum security for dApp development – boasting full access control, application security & performance, data compliance and QoS, all of which are incumbent for dApp IT and enterprise solutions.

Through the launch of the $10M AERGO Venture Fund, the AERGO Foundation has solidified a comprehensive program that enables developers and entrepreneurs to acquire funding through the Foundation to develop their applications directly within the AERGO Ecosystem. This new fund absorbs the previously announced Defi Incubation Funding program, enabling us to expand our scope of investments to include GameFi, SocialFi, EduFi and other web3 opportunities.

The application process is seamless. By submitting an application, developers seeking dApp funding can easily convey their desire for resources from the AERGO Foundation.