DUBAI, United Arab Emirates, October 31, 2022 (GLOBE NEWSWIRE) — coriumannounced the first wave of funded projects to be built on the network, a third-generation Layer 1 enterprise-level blockchain.backed by Sorogenic Development FoundationGranted projects such as Zeeve, Telios, D’Cent Wallet, Stablely, Common, and Amber add significant value to the scalability and growth potential of the blockchain community. The Coreum blockchain provides the core infrastructure for the future of decentralized blockchain applications, from asset tokenization and banking to the metaverse and gaming sectors.
The first round of funded projects will focus on the DeFi protocol and wallet components. Among these projects, blockchain infrastructure providers, Jeeve, allowing deployment and monitoring of multiple nodes in an automated manner. The protocol already supports industry heavyweights such as Bitcoin, Avalanche, R3 Corda, Tron and Fantom, demonstrating Coreum’s focus on enterprise solutions.
Additional funded projects include:
- Teriosa fully decentralized peer-to-peer email service provider that allows users to send and receive encrypted messages and files.
- Generala protocol to create next-generation loyalty systems by measuring CO2 emissions reduction from user activity using apps.
- descent walleta hardened hardware wallet and the latest project by LoTrus.
- amberis a free-to-play gaming and metaverse platform that invites users to create worlds, establish connections, play games, and trade virtual assets and other assets of tangible monetary value.
- StableWe provide a regulated stablecoin infrastructure and a multi-chain fiat on/off ramp for emerging blockchains.
“During this bear market, when many cryptocurrencies and projects are declining in value, large companies are looking to get back to fundamentals by investing in the underlying technology – Layer 1 projects,” says Sologenic. “As an enterprise-grade blockchain, Coreum’s modular and interoperable design has helped these grant projects thrive, especially in these market conditions,” said Bob Ras, co-founder of provides the core infrastructure needed for
According to the grant timeline, the selected projects will begin development in early November with the Devnet Governance Update. A second wave of grant projects will be announced soon to further accelerate the creation of a sustainable, community-owned blockchain. By supporting various Web3 native projects, Coreum is paving the way for mass adoption of blockchain technology among enterprise-level entities.
Coreum is an enterprise-grade blockchain (EGB) built by the Sologenic Development Foundation. Coreum prioritizes cutting edge speed with the ability to process up to 7000 transactions per second with a federated group of 32 validators. Coreum also offers a low-latency, proof-of-stake blockchain to a wide range of users seeking access to a multi-chain interoperable future. EGB is a new standard introduced by Coreum for blockchain networks, specifically designed to provide the essential tools and infrastructure for businesses of all sizes to build and run decentralized applications.
About the Sorogenic Development Foundation
The Sologenic Development Foundation is an independent community of developers actively working on various open source projects and use cases for SOLO and CORE tokens. For more information, www.sologenic.org
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