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Sui Upgrade Funding Program Launches RFP Mechanism to Support Ecological Innovation
Sui has recently made significant upgrades to its funding program by launching a Request for Proposals (RFP) mechanism. This new initiative represents a major development in the Sui funding program, opening up broader avenues for supporting ecosystem innovation projects.
The introduction of the RFP plan aims to better support developers and ecosystem participants by providing a structured framework for development, strategic alignment, and collaboration. By clearly articulating the needs of the ecosystem, the RFP mechanism enables the foundation to more effectively support developers in creating tools and projects that meet those needs. Each RFP is carefully designed to ensure that the use of funds aligns with the needs of the ecosystem, allowing each grant to make a substantial contribution to the advancement of Sui.
The operation of the plan follows a structured process:
Submit Application: Interested candidates can submit proposals related to the selected project through the online platform before the deadline for each RFP application.
Review Period: The foundation will conduct a comprehensive review and evaluation of all proposals, and the RFP committee will then vote to decide on the final proposals of the shortlisted candidates.
Identity Verification: Selected individuals or teams will undergo identity verification checks to ensure transparency and accountability.
Funding Agreement: Once selected, the foundation will sign an agreement with the selected candidate, specifying the project milestones agreed upon by both parties.
Project Launch: After the agreement is signed, the selected candidates will begin to build their proposed projects, contributing to the development of the Sui ecosystem.
The Sui Foundation encourages all interested parties to actively participate in the development of this new phase, whether they are experienced developers or enthusiastic community members, as they can find their suitable place in the ever-evolving Sui Network ecosystem.
It is worth noting that the Sui Network mainnet has been launched, and the community ecosystem is being launched in an orderly manner. As a rapidly developing blockchain network, Sui is attracting increasing attention from developers and users. With the continuous expansion of the ecosystem, it is expected that more innovative projects and applications will be implemented on Sui in the future.