#Algorand Foundation officials said $10 million in grants would go to developers that can provide solutions for #Ethereum Virtual Machine (#EVM) compatibility, a key cog for emerging networks looking to woo established projects.
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For #Algorand, #EVM compatibility means applications that are built on #Ethereum or other Ethereum-compatible chains can also execute on Algorand.
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@StaciW_DC told @CoinDesk the other $10 million will go toward projects that can build robust developer tools for #Algorand. Developer tools are suites of products that make building applications on Algorand easier, such as compilers and debuggers.
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Both programs are expected to increase the number of projects on the chain. The twin objectives would allow #Algorand to tap into the robust and existing #Ethereum-based developer community and also onboard new developers by making building on Algorand simpler.
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