On December 10, HashKey Chain announced the launch of a $50 million Atlas Grant program for global developers, aimed at deeply exploring high-quality projects in the Web3 field and providing comprehensive support to help developers expand the innovation and development of the OP Stack ecosystem, achieving exponential growth for HashKey Chain's application layer and on-chain users.

HashKey Chain relies on OP-Stack technology, dedicated to enhancing transaction speed and reducing fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework that supports the OP mainnet, composed of various software components that constitute Optimism's L2 Rollup, used to create interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize Layer 2 networks according to their needs, thereby connecting to Ethereum and sharing its security and resources.

The Atlas Grant program aims to promote the prosperity and growth of the OP Stack ecosystem, primarily targeting ecological projects that are planned or have been deployed to HashKey Chain. The total grant prize pool is valued at $50 million in HSK Tokens, with the first phase distributing $10 million in HSK Tokens to developers, and future allocations based on quantifiable milestone nodes from developers and deployed project parties.

HSK Token, as the native token and gas token of HashKey Chain, was launched for trading on November 26 on several leading exchanges, including HashKey Global. Additionally, as the ecological token of HashKey Group, HSK is used across all business scenarios of HashKey, carrying the value of the entire HashKey ecosystem.

In addition to financial support, HashKey Chain will leverage the multi-channel advantages of the entire HashKey ecosystem and its partners, global investment layout, and rich blockchain project experience to provide more ecological resource support for developers and high-quality projects.

The Atlas Grant program will focus on supporting high-quality projects and developers in the RWA, PayFi, stablecoin, and BTCFi sectors. The RWA sector stems from the narrative of massive adoption, with its market size significantly growing in recent years. Key factors driving this growth include the trend of tokenizing traditional financial assets and investors' demand for higher liquidity and transparency. Essentially, PayFi and stablecoins also belong to the RWA sector, differing only in their interaction methods.

As a global financial hub, Hong Kong provides a favorable environment for RWA tokenization innovation. HashKey Chain is based in Hong Kong, aiming to bring high-quality financial products from traditional financial institutions into the blockchain world, starting from compliance.

HashKey Chain CEO Kay stated, "We are pleased to announce the $50 million Atlas Grant program to the global market. We hope that individuals, teams, and organizations joining the HashKey Chain ecosystem will be confident in the prospects of the crypto industry, grow together with HashKey Chain, and collaboratively build a prosperous and open Web3 ecosystem, creating phenomenal application products that can have real traffic across multiple mainstream public chains, while gaining corresponding returns in the process."

The first phase of the Atlas Grant prize pool is $10 million in HSK Tokens, and the program will prioritize funding projects listed within the Grant categories and scope. The funded project teams will receive non-dilutive funding support, technical guidance, collaboration opportunities, and chances to participate in hackathons and other activities. The application period for the first phase is from December 10, 2024, to January 10, 2025, with the selected list to be announced on January 20.

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