Fuse Network, a blockchain technology company for user-friendly web3 payment businesses has revealed its intention to empower Web3 payment businesses by launching a 10 million naira grant that will enable easier access to the Web3 payment system.

What you need to know about the Fuse Network business grant 

In an article published, Fuse Network said "The initiative aims to empower businesses worldwide, simplifying the complexities associated with Web3 payment infrastructure development." Furthermore, the company stated that it is ready to influence the Web3 payments landscape, encouraging cooperation and propelling technological progress.

The initiative covers essential elements, providing strategic financial support for both early-stage concepts and more advanced projects, particularly focusing on payments. Mark Smargon, CEO and co-founder of Fuse Network emphasized the significance of this effort, stressing the need to generate enthusiasm for new technology and draw in developers even during market declines.

Fuse Network has heavily invested in creating a strong infrastructure and a business-oriented environment, addressing the requirements of enterprises and organizations involved in building on Web3. Hence, the reason for this program. 

Who can get the Web3 Business Grant? 

Fuse Network has made a list of  businesses that can be eligible for this opportunity and they include: 

•  Businesses with plans to boost user acquisition strategies by leveraging Web3 communities through the establishment of consumer clubs and loyalty programs.

• Fintech companies looking to introduce non-custodial mobile solutions to minimize payment volatility.

• Centralized exchanges (CEXs) are seeking non-custodial wallet solutions.

• Startups in the Web3 sphere searching for a robust EMV-compatible network capable of providing gas fee sponsorship.

• Business applications that are interested in creating branded stablecoins to increase brand recognition.

• Local payment solutions looking to broaden their reach from local to global markets. 

If your business falls into any of these categories, the FUSE network is inviting you to partake in this great opportunity because it comes with various benefits such as : 

• Technical mentorship

• Marketing Support

• Robust infrastructure 

Now, to the application: 

After you have confirmed that your project aligns with the criteria at Fuse, you can visit the grant application website where you will be required to fill out a form with certain information which may include the type of project you would like to build, the current finding stage of the project and a lot more. 

While you are taking your time to think it through, also remember that the application closes on the 22nd of September, 2023. 

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