Merlin Chain, the leading Bitcoin Layer-2 (BTC L2) ecosystem, has launched an ambitious initiative known as Merlin's Adventure. This ecosystem grant program is designed to empower builders who contribute to the adoption and advancement of Merlin Chain. With a total of 210 million $MERL tokens set aside for the program, Merlin Chain aims to accelerate the growth of the BTC L2 ecosystem by fostering user-centric, innovative, and Bitcoin-native applications.
Over the past year, Merlin Chain has achieved several significant milestones, including the largest Total Value Locked (TVL), the most developers, and the most robust community among BTC L2 projects. Merlin's Adventure seeks to further invigorate the ecosystem by inviting innovative and dedicated builders from around the globe to apply for grants in five key categories: User Experience Pioneer, BTC Native Assets Innovator, Merlin Visibility Trailblazer, Ecosystem Engagement Leader, and Bitcoin Innovation Pathfinder.
Selected projects will benefit from a comprehensive support package that includes funding of up to 1,000,000 $MERL for each milestone achieved, networking opportunities, 24/7 technical support, marketing support, and strategic and product advice. The program's application process is now open and will continue on a rolling basis. Interested projects are required to submit a pitch deck detailing their proposal, product progress and roadmap, team background, and other essential details. The Merlin Chain Ecosystem Team will review applications and select projects for interviews, including an online pitch and product demo.
The Merlin Community will also play a pivotal role in the decision-making process. All grant applications will be shared on a public platform for constructive feedback from other projects and partners. A future voting mechanism will allow the community to vote for their favorite projects using $MERL tokens. Selected projects will be announced on a rolling basis, supported by a PR schedule that includes social media promotion, spotlight articles, and AMAs. The Merlin Team will distribute the $MERL grants in stages based on achieved milestones while providing continuous support for the development and growth of the ecosystem projects.
A representative of Merlin Chain highlighted the program's potential, stating, "We believe that the Bitcoin ecosystem has immense potential to foster boundless innovative applications for BTC Hodlers. By launching Merlin's Adventure, we aim to support and collaborate with passionate builders and enthusiastic individuals who share our vision of making Bitcoin fun again."
For more information about Merlin's Adventure and to apply for the grant program, please visit the Merlin's notion page.
