Incentive Fund Cohort 2 Update

The Venice Incentive Fund, launched earlier this year to support builders using their API, received an overwhelming response with over 110 applications from developers, founders, and creators interested in integrating and developing new use cases for private, uncensored AI. Cohort 1's feedback highlighted the need for clearer selection criteria, more frequent communication, and a well-defined target audience, leading to improvements in Cohort 2, which will launch alongside Venice v2. This new round will feature a structured process with transparent timelines and criteria, offering DIEM token loans for subsidized API access and milestone-based VVV bonuses of up to $25,000. The program emphasizes execution, rewarding projects that meet specific milestones with priority consideration for further funding. A community-led extension of the fund is also being considered, aiming to allocate resources for projects chosen by the community. Cohort 2 is designed to support builders who aim to create impactful projects within the Venice ecosystem, leveraging private AI infrastructure, with application dates to be announced following the launch of Venice v2.

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