PARSIQ Powers Web3 Innovation with Massive Developer Fund
In Brief
PARSIQ has launched a $3 million Developer Fund to expedite the development of Reactive Network’s mainnet, a high-performance, EVM-compatible blockchain, enabling fast, flexible, and user-friendly onboarding for developers.
PARSIQ has introduced a $3 million Developer Fund to speed up development for the upcoming mainnet of Reactive Network, a high-performance, EVM-compatible blockchain designed to address interoperability issues. The fund accepts rolling applications and can handle over 8,000 transactions per second automatically, offering a fast, flexible, and user-friendly onboarding experience for developers.
From Code to Launchpad
The fund is aimed at builders with a clear product vision and familiarity with EVM environments. It’s open to both individuals and teams, especially those already developing dApps that could gain from improved performance, scalability, and technical assistance.
Applications are accepted on an ongoing basis, with criteria including EVM compatibility, originality, practical applications, and the project’s technical roadmap. Winners will receive funding in REACT tokens, along with comprehensive technical mentorship, tooling resources, marketing support, and access to a trusted network of venture backers.
Rong Kai Wong, CEO of PARSIQ, described the fund as a way to promote tangible progress through substantial resources. He highlighted the opportunity to help existing projects focused on building meaningful infrastructure rather than hype. According to him, the fund aims to help these projects advance more rapidly by offering targeted support.
More Than Just Developers
Not all value in Web3 comes from code. Recognizing this, PARSIQ has launched the Reactive Scout Grant, inviting creatives, strategists, community builders, and content experts to participate. This program aims for contributors to influence how Reactive Network is communicated, perceived, and adopted, covering storytelling, branding, events, growth tactics, and ecosystem involvement.
Grants will be given for original content, campaign efforts, and community initiatives, with bounties awarded based on impact.
A Strong Network of Backers
Backing the program is a group of experienced Web3 players: CertiK, QuillAudits, Mobula, RedStone, API3, Axelar, Hyperlane, Stake Capital Group, Asia8 Ventures, Digital Finance Group, and Stratified Capital. These partners aren’t just advisors, they’re hands-on mentors, auditors, and potential funding sources for the most promising projects in the cohort.
Julien Bouteloup from Stake Capital Group emphasized the fund’s focus on backing builders with functional products. He mentioned that many teams already demonstrate traction, which makes it easier to help them scale and achieve new milestones. His emphasis was on execution over theory.
Harvey Chen, co-founder of Stratified Capital, shared this perspective, highlighting the high demand for Reactive Network’s offerings from both developers and users seeking fast, interoperable applications. Chen confirmed that their support targets those already actively shaping the future of Web3.
A Different Kind of Accelerator
The program focuses on quality, support, and developing a core ecosystem around a high-performance blockchain prepared for real-world applications. Backed by $3 million and a robust support network, the Reactive Network Developer Fund demonstrates PARSIQ’s long-term dedication to shaping future Web3 infrastructure, emphasizing both technology and community.
Disclaimer
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About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
