Core Foundation, an organisation supporting ecosystem development on the Bitcoin-powered Core blockchain, has announced a new US$5 million fund to support blockchain technology projects in Latin America.
The Core Latin America Ecosystem Fund follows previous investment initiatives in Africa and India.
It aims to address critical regional challenges by leveraging blockchain technology to create impactful solutions, according to World Energy Trade.
The fund will focus on key areas such as remittances and cross-border payments, stablecoins and savings platforms, supply chain and logistics, DeFi-backed loans and P2P lending protocols, healthcare solutions, gaming and entertainment, NFTs and digital art, social impact projects, and agricultural technology (AgTech).
“Each project will receive a dedicated budget for grants, events, sponsorships, investments, ambassadors, incentives, travel, partnerships, and a Web3 builder programme, offering comprehensive support from deployment to potential investment,”
said Enrique Guasp, Core Foundation Contributor.
Featured image credit: edited from freepik
