IOVLabs, one of the global blockchain technology leaders, announced the launch of a $2.5 million strategic grants program to further enhance the development and adoption of Rootstock, the world’s first Bitcoin sidechain which has become a growing hub of DeFi activity on the Bitcoin network.
      The program was revealed on the 17th may 2023 at the inaugural Bitcoin Builders Conference in Miami, a pioneering event focused on Bitcoin Layer 1 and Layer 2 developers.

To discover eligible candidates for the grant program, IOVLabs also announced the launch of a Hackathon in partnership with HackerEarth, a global community of over 4 million developers.

The Hackathon will run from May to July, featuring an ideation stage, a development stage, and a final pitch to an esteemed panel of judges from the Bitcoin and Rootstock ecosystems. Blockchain developers from all over the world are invited to apply.
https://www.google.com/url?q=https://decrypt.co/140457/iovlabs-launches-a-2-5m-grants-program-and-the-scaling-bitcoin-hackathon-to-usher-in-new-builders/&sa=U&ved=2ahUKEwjUnLKbyP3-AhUowAIHHcQjDxkQxfQBegQICBAC&usg=AOvVaw0IwNIbLqm_WozYIh17dXXn