LatticeX Foundation, a next-generation financial infrastructure to incubate projects that facilitate the development of the LatticeX ecosystem, today announced the initiation of its $200 million grants program.
Grants will provide funding and support to all projects focusing on privacy-preserving computation and the LatticeX system. PlatON, the top project in the ecosystem is a distributed financial infrastructure that serves as the foundation for LatticeX to build next-generation internet ecosystems.
The announcement of grants indicates that PlatON has taken a further step on community development. In the first phase, there will be a total of $10 million to help push the development of the PlatON infrastructure and development community.
Founded at the end of 2019 in Singapore, the LatticeX Foundation is dedicated to building complete compliance and inner-control systems based on the LatticeX ecosystem with communication and sharing mechanisms supporting the government, regulators, law firms and academic institutes in Singapore.
Consisting of underlying distributed infrastructures, upper-level applications, and support tools, PlatON focuses on the development of core technologies such as blockchain and privacy-preserving computation. The network is dedicated to building a completely distributed computing interoperation system, and facilitating the trading of data ownership on top of safeguarding data sovereignty.
Through complicated computing, PlatON defends the data sovereignty of users, protects data privacy and realizes the value of data exchange.
The first phase with $10 million of grants rewards, will incubate promising projects related to LatticeX concepts; including but not limited to scalability, privacy-preserving computation, tools, testing, security, cryptography, education, community, improvement suggestions for PlatON, and part-time developers.
Funding amounts will vary from $2000 to $20,000 after the evaluation based on the project value.
“LatticeX Foundation sincerely welcomes all organizations, projects, and individuals worldwide to apply for the financial support from grants following the first trial, review and KYC verification. LatticeX Foundation looks forward to enhancing the innovation and development of LatticeX, facilitating the healthy growth of PlatON network, and finally realizing the flourish LatticeX ecosystem, with all scholars, developers and like-minded friends all over the world.”
– The LatticeX Foundation