Apply now and receive up to $50,000 USD in funding and become a part of Fuel’s Ecosystem!

Fuel’s new grants program kicked off in Q3 and has been designed to support innovators eager to deploy their exciting ideas on Fuel. However, we’re aiming to make Q4 even better. As mentioned in our previous announcement, the program is a quarterly cohort model, allowing a select group of up to 10 projects to receive funding for a three-month opportunity to deliver an MVP using Fuels technology stack. By nurturing grantee projects and connecting them with prominent venture capital firms, we want to foster the Fuel ecosystem to realise its full potential.

The support structures we’ve introduced remain the same as we strive to provide grantee’s access to Fuel’s technical, marketing and legal teams to guide the development of their ideas/integrations. At the end of the quarter, participants will have the choice to showcase their progress and present their Minimum Viable Product (MVP) during an exclusive demo day with some prominent backers in the Web3 space.

Application Details

The application period for the upcoming Q4 cohort opens on Monday the 28th of August and closes on Monday the 11th of September.

We encourage applicants to submit project ideas that truly aim to leverage Fuel's technology stack, specifically focusing on Predicates (enabling stateless account abstraction for example) and multiple native asset support.

💡Want to learn more about Predicates? Watch this Hackathon Presentation from David Mihal.

Additionally, having a dedicated team committed to building on Fuel, providing a clear outline of fund utilisation, and a demonstrated progression towards project development are key aspects we consider. Teams showcasing their ability to market their projects to end-users, as well as presenting a comprehensive roadmap and expansion plan, will be given strong preference too.

Here are some guidelines to consider when completing your application:

1. Fuel’s predicates and UTXO model can enable a whole new approach of building web3 solutions. Spend time understanding these concepts to come up with unique problem-solving methods to push the limits of what's possible. Redefine Web3 UX with Fuel.

2. Get to the point - Try explaining your project’s value proposition in a direct and concrete manner. Avoid overly exaggerating the proposition with illustrious visions or project comparisons.

3. Don’t over complicate your project’s description with unnecessary wording or jargon. The easier it is to understand your project, the easier it will be to process the application.

4. Avoid vague statements/claims and instead employ precise numbers and facts to set your application apart. Nearly every Web3 project claims to decentralise X to give ownership to Y. Try to focus on what truly makes your project unique with actual evidence to support your thesis.

Fuel’s Value Proposition

As part of the current cohort selection, we are particularly interested in projects that bring fresh and unique concepts to the Fuel ecosystem. Here is what Fuel can offer your project:

1. Modularity: Designed to run everywhere in different configurations with the modular blockchain paradigm in mind.

2. Best-in-class tooling: Everything from the VM, Sway and tooling is designed to work well with each other in a single cohesive developer experience.

3. Execution: A new blazingly fast FuelVM and parallel transaction execution with a UTXO based transaction model.

4. Interoperability: Our design is inherently good at bridging between blockchains, perfect for interoperability and portability between chains.

Ideas for what to build or Integrate on Fuel

While we appreciate the creativity and ingenuity of all ideas, we encourage applications to look at what our current ecosystem looks like here. A large portion of the projects in that list are past and current participants in our program.

Our goal is to identify projects that push boundaries and create meaningful experiences for users beyond the web3 landscape. Here are some ideas that Fuel is looking for in its ecosystem:

Categories for things you can build:

• Defi (Perpetuals, Yield Aggregators, Micropayments, Prediction/Auction markets, DeSci, ReFi)

• Infrastructure and Tooling

• Web3 Social

• Gaming and GameFi with a high priority on UX and gameplay

• Storage-Proofs

Integrations that are needed in the ecosystem:

• Bridges, Wallets and Indexers (Fuel has its native options but we’d like more options for users)

• TVL statistics dashboards, analytics dashboards.

• Protocol/Token aggregators, portfolio trackers

• Native Liquid Staking Tokens (LSTs) and Stablecoins

• Cross-chain communication (notifications/messaging) for dapps, wallets, and services

Transcend your idea, Build on Fuel

Fuel’s Grants Program is an incredible opportunity for you to receive support, mentorship, and exposure whilst using bleeding edge blockchain technology to realise your idea. If you have a project that aligns with our vision and focus areas, we encourage you to apply in the Typeform link below.

[Applications for the Q4 cohort are now closed. Stay tuned on the Fuel Twitter/X and Blog for future opportunities]

Mark your calendars for the demo day that has been tentatively scheduled for the 24-25th of January 2024, where the Q4 cohort will showcase their progress. Stay tuned for more updates and announcements by following Fuel’s official channels. For those who are not looking to be a grant applicant but are looking to participate in Q4’s demo day, please reach out to us here.

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