Stellar Lumens presents groundbreaking projects to change the world – Will it drive XLM price to $1?
- Stellar Community Fund has announced the winners of its 11th round of grants award.
- The 21 winners are all building unique and paradigm-shifting Stellar ecosystem projects.
The Stellar blockchain ecosystem is poised to see the addition of several groundbreaking projects that will bring more traction to its native token Stellar Lumens (XLM) by providing world-changing solutions.
A total of 21 projects have emerged as winners of grants from the 11th round of Stellar Community Fund (SCF), the Stellar ecosystem projects funding initiative. As seen in an SCF blog post, the latest round of the initiative was unique in many ways and set several records.
For one, it was Stellar’s first-ever virtual startup bootcamp conducted on the SCF Discord channel. It also set a record for the number of projects selected to contest for the grants picking 50 teams based in 34 unique countries.
The bootcamp adopted a self-serve Design Sprint Process created by DFS Lab and was gamified via a leaderboard to track progress and allow all stellar community members to vote on prizes to be awarded to teams with outstanding output.
The winning projects, selected through this process and after weeks of deliberation by a panel of 45 judges drawn for both the Stellar Development Foundation and the greater Stellar community and ecosystem, will be receiving their requested budget in XLM. The grants for the round amount to a grand total of over 13 million XLM.
Details of the victorious projects show that they are all working on products that are key for the Stellar ecosystem. One such project is Horizon-as-a-service. It won $2,500 worth of XLM in grants to build Customized and Private Horizon server access to the Stellar Network with only the data they need.
Flora, another approved project, intends to build a marketplace where users can access apps, integrations, transaction templates, and third-party Soroban Smart Contracts using its $47,000 worth of XLM grants.