IOTA Grants Update Recap IV

TL;DR:
A new round of IOTA Grants has arrived, with 29 successful applications (out of a total of 142) receiving a total of $3,603,000 in funding.

The IOTA Ecosystem DLT Foundation's Grants Program remains devoted to its mission to foster innovation across a wide array of digital asset projects. While the sheer amount of applications means a temporary pause has been placed on processing them, the Grants team is excited to introduce the most recent cohort of grant recipients who are part of building the future of IOTA.

Grant recipients

DeFa (formerly known as InvoiceMate) 

Category: Real-World Assets

Website: invoicemate.tech / X:  @defaprimitive

DeFa is a decentralized invoice financing platform that transforms traditional invoices into tokenized Real-World Assets. By leveraging blockchain technology, DeFa offers secure and transparent invoice management with AI-powered fraud detection. The platform bridges the gap between businesses and lenders through embedded financing solutions. With a focus on serving small and medium enterprises and a global reach, DeFa provides businesses access to working capital and financing opportunities previously difficult to attain.

Nansen

Category: On-chain analytics

Website: nansen.ai / X: @nansen_ai

Nansen is a market leader in on-chain analytics, offering a comprehensive suite of solutions to elevate the visibility, transparency, and exposure of blockchain ecosystems. Leveraging its expertise, Nansen drives ecosystem growth, engagement, and innovation within the IOTA network, helping to attract developers and investors alike by utilizing its more than 900,000 users.

BlackFrog

Category: Real-World Assets

Website: blackfrog.xyz / X: @Blackfrog_xyz

By building a decentralized commodities exchange, BlackFrog is dedicated to tracing critical commodities like tin, tantalum, tungsten, and gold. BlackFrog facilitates access to funding and markets for small-scale mining operations, while securely registering these assets under Germany’s Federal Financial Supervisory Authority, ensuring legal compliance and market transparency across the industry.

Cyberperp

Category: Perpetuals

Website: cyberperp.io / X: @cyberperp

Cyberperp is a decentralized spot and perpetual trading platform that minimizes swap charges, eliminates price impact on trades, and offers leverage up to 50x. It offers a rewards program where users can stake their capital to receive a weekly distribution of IOTA tokens.

Check out the previous Grants Update here.