Alchemy Launches $10 Million Grant Program to Boost Development on Arbitrum Orbit Ecosystem

On November 27th, COINOTAG News reported that Alchemy has initiated a significant $10 million grant program aimed at enhancing the Arbitrum Orbit ecosystem. This initiative allows eligible development teams access to up to $500,000 in credits, directly targeting the reduction of infrastructure development costs. The focus of the program is to bolster projects that are either launching on the Arbitrum Orbit platform or transitioning from other networks. By providing essential financial support, Alchemy aims to stimulate innovation within this rapidly evolving ecosystem, thereby fostering a robust environment for blockchain developers. The alignment of resources with emerging projects could play a crucial role in accelerating the adoption of Arbitrum Orbit, enhancing its competitiveness in the growing decentralized application landscape.