According to a medium post On February 20, the Interchain Foundation (ICF), a non-profit organization behind the creation of the interblockchain communications ecosystem (IBC) Cosmos (ATOM), pledged to spend approximately $40 million in 2023 to develop its infrastructure and core applications. As part of the Interchain Stack, which is used by around 50 blockchains, these include Tendermint Core (and now CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol.
"Throughout the year, we anticipate hiring other teams to perform smaller, strictly defined tasks within each work area. Such contracts will complement the work of the teams mentioned below or serve their needs as they arise during the year. ".
The ICF is also supporting the development of CosmWasm and Ethermint, the technologies that the company says have become the โfoundation of smart contracts and Ethereum Virtual Machine (EVM)-compatible blockchains.โ In addition to core infrastructure, the ICF will fund projects that drive adoption and use cases for Cosmos. These include programs like the Interchain Developer Academy, Cosmos Developer Portal, and Interchain Builders Program, as well as integration with other blockchain technologies like Polkadot and Hyper Ledger.
In addition, the ICF says it plans to reopen its public Small Grants Program in 2023, which was put on hold last year due to a "significant backlog of applications." He plans to reopen the program in due course and is encouraging teams to contact the Builder Program for guidance and non-financial support. In the meantime, ICF encourages developers to use its ATOM delegation program to access contribution rewards.
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