Privacy enhancing layer 1 blockchain, Aleph Zero, has joined a brand-new initiative titled “Ink!ubator” along with other Web3 players to bolster the ink! Ecosystem.
On April 2, Aleph Zero took to Twitter to announce the company has joined the initiative together with Astar Network, Web3 Foundation, Parity Technologies, Phala Network, and 727 Ventures. This comes shortly after the team released a new version of pallet contracts that features ink! 4.0 Beta, aimed at improving the Smart Contracts environment. ink! is an Embedded Domain Specific Language (eDSL) to write smart contracts in Rust for blockchains built on the Substrate framework.
Aleph Zero joins an initiative designed to kickstart the growth of the @ink_lang ecosystem together with @AstarNetwork, @Web3foundation, @paritytech, @PhalaNetwork, and @727_ventures. 🙌
Here's what's coming! 🧵👇https://t.co/DlJPTgzDVS
— Aleph Zero (@Aleph__Zero) April 2, 2023
What is ink!ubator?
According to the official blogpost, ink!ubator is an initiative funded by the Web3 Foundation’s Bounty Program. It has been designed to kickstart the ink! ecosystem on Polkadot, Kusama, and other Substrate chains and will focus on several areas including developer growth, security audits, full-stack tooling, as well as high-impact product launches.
The new program will provide three tracks, namely, Builder Track, Auditor Track and Ecosystems Grant Track. It caters as an opportunity for all the projects building on Aleph Zero to benefit from the network’s speed, scalability, and security, together with the upcoming privacy framework to protect user data.
The three tracks are well categorized to help eligible developers receive technical help from the core ink! team and developers from supporting community teams including Aleph Zero, Astar, and Phala, and 727 Ventures in order to mobilize their Web3 projects. As per the blogpost, the teams that will be accepted under the ink!ubator initiative will also receive between $10,000 and $50,000 as development budget.
Additionally, the initiative also aims to provide simple tutorials for developers to build production grade decentralized applications (dApps), decentralized exchanges (DEX), lending platforms, non-fungible tokens (NFT) marketplaces, multi-sig digital vaults, or other ideas.
Aleph Zero Aims to Bopst Web3 Adoption
In the recent few months, the Aleph Zero team has been taking a proactive stance to simplify Web3 adoption with the platform opening its Mainnet to community validators as well as any individuals who fulfill the hardware requirements. It has started several initiatives over the past couple of months.
Say hello to AZERO's first fiat on-ramp: @c14_team! 🎆
C14 enables Aleph Zero users to interact with AZERO via https://t.co/Jc37rMUqD3, and empowers builders to integrate the widget into their websites and apps.
Here are the details. 👇 pic.twitter.com/BEMuockxdZ
— Aleph Zero (@Aleph__Zero) March 15, 2023
In January, the platform concluded a new testnet update with the release of the “Aleph Node 9.0” along with a host of other features to enhance the way smart contracts operate on the Aleph Zero blockchain. Furthermore, earlier this month, Aleph Zero partnered with C14, to launch its first fiat on-ramp compliance platform enabling users to interact with AZERO, the native coin of the Aleph Zero blockchain, and to buy the digital token directly to the user’s wallet.