IOVLabs Launches a $2.5 Million Grants Program and the Scaling Bitcoin Hackathon To Usher In New Builders

IOVLabs Launches a $2.5 Million Grants Program and the Scaling Bitcoin Hackathon To Usher In New Builders


May 17, 2023 – Miami, Florida

IOVLabs, one of the global blockchain technology leaders, announced the launch of a $2.5 million strategic grants program to further enhance the development and adoption of Rootstock, the world’s first Bitcoin sidechain, which has become a growing hub of DeFi activity on the Bitcoin network.

The program was revealed today at the inaugural Bitcoin Builders Conference in Miami, a pioneering event focused on Bitcoin layer one and layer two developers.

To discover eligible candidates for the grant program, IOVLabs also announced the launch of a Hackathon in partnership with HackerEarth, a global community of over four million developers.

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The Hackathon will run from May to July 2023, featuring an ideation stage, a development stage and

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