Fuse Network Launches $10 Million Grant to Boost Web3 Payment Infrastructure

Fuse Network, a prominent Web3 payment infrastructure, has recently launched an innovative $10 million Web3 Business Grant Programme. This ambitious initiative is designed to support global businesses by providing crucial funding and infrastructure, thus facilitating easy access to Web3 payment systems.

The Web3 Business Grant Program is open to applicants from various sectors. It targets businesses looking to improve user acquisition strategies through Web3 communities, fintech firms that wish to implement non-custodial mobile solutions, and companies aiming to digitize consumer clubs or create digitized loyalty programs. The program also addresses fintech challenges such as providing services to unbanked communities, dealing with digital identity and currency volatility issues, and Centralized Exchanges (CEXs) seeking non-custodial wallet solutions. Additionally, it supports Web3 startups in need of a resilient EMV-compatible network with fee sponsorship for gasless transactions, business apps interested in developing branded stablecoins, and local payment solutions aiming for global expansion, among other innovative use cases that could benefit from Web3 technology.

Mark Smargon, CEO and Co-Founder of Fuse, emphasized the company’s dedication to nurturing a thriving Web3 innovation ecosystem. The grant program demonstrates Fuse’s commitment to providing essential resources for businesses in the Web3 landscape. Ira Lakhman, Chief Operations Officer at Fuse, expressed his belief in the future of payments within Web3, with Fuse playing a pivotal role in this evolution.

Businesses worldwide are encouraged to apply for the Web3 Business Grant Program by reviewing the criteria on the Fuse Web3 Business Grant website and submitting their applications. Successful applicants will be notified within two weeks of submission.