Tezos Foundation - March 2021

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Tezos Foundation - March 2021
Tezos
Foundation

             March 2021
                          1
Tezos Foundation - March 2021
“
 Tezos has seen more evolution
 in the past two years than the
 rest of the industry combined.
Through its upgradability, other
      blockchains become
          Tezos’ testnets.
Tezos Foundation - March 2021
Preface

Dear Tezos Community

Since the last issue of our biannual update in        deployment is key to winning the marathon
September of last year, the Tezos project has         race to global adoption. It is even more crucial
continued along a strong pathway to long-term         to understand that the Tezos Foundation is not
growth, despite an unprecedented amount of            Tezos but only one entity in a global ecosystem.
volatility in the global economy. The world that      Our role is to sustainably deploy the resources
we have begun to reenter will be fundamentally        that are under control to support the long-term
different than the world that came before. What       success of Tezos. This long-term success will only
is clear, at this moment, is that blockchain tech-    be possible with a vibrant decentralized eco-
nology will play a key role in a post-COVID-19        system. Our goal is to empower independent,
world and that we all need to adapt to this new       high-performing organizations in this ecosystem
reality. With its governance function, Tezos can      and ensure that they have the resources needed
continue to evolve and therefore be the block-        to solve the challenges that lay ahead.
chain the world needs.
                                                      No one understands the Tezos Foundation’s role
During the period that this report covers, the        better than Arthur Breitman, an early architect
Tezos blockchain was successfully upgraded            of Tezos. We are delighted to welcome Arthur
twice. Delphi, the first upgrade, significantly im-   to the Tezos Foundation Council, where his
proved the performance of the Michelson inter-        technical expertise and unparalleled knowledge
preter and lowered gas fees significantly while       can inform the Council and help fulfill the Tezos
Edo was adopted only a few months later and           Foundation’s mission.
added continuous performance improvements
and, with Sapling, a powerful tool that enables       There is much to look forward to and be hopeful
new types of applications, such as voting and         about when it comes to Tezos. In this report,
asset transactions with selective disclosures.        you will find information about the 62 grantees
With Florence approaching on the horizon, it          based in 21 different countries that have re-
is clear that the Tezos upgrade process has           ceived new funding since September 2020. 42%
reached a seamless regular cadence and so we          of these projects are new to the Tezos ecosys-
say with a smile that for Tezos, other blockchains    tem and we welcome their ideas and enthusiasm
have become a testnet.                                for Tezos. We are confident that 2021 will prove
                                                      to be a very bright year for Tezos.
It is crucial to understand that we view Tezos
as a long-term project - where a solid technical      The Tezos Foundation Council
foundation and long term capacity for capital

                                                                                                           3
Tezos Foundation - March 2021
Table of
Contents

Preface                Research, Education,    Financials
3                      & Core Development      44
                       Grants
Mission of the         14
Tezos Foundation
5                      Ecosystem – Tools
                       & Applications Grants
The Past Six Months    20
with Tezos
6                      Community Grants        Governance
                       34                      48
Facts & Figures
8                      Industry
                       Adoption
Grants                 38
9

                                               Council & Committees
                                               of the Tezos Foundation
                       Industry Adoption –     49
Priorities & Process   Collaborations
10                     39                      Foundation Council
                                               50
Grantees & Other       A Map of the
Funded Entities        Tezos Ecosystem         Foundation Committees
13                     42                      52

                                                                         4
Tezos Foundation - March 2021
Mission of the
Tezos Foundation
  Tezos is a technology that powers a distributed, peer-to-peer,
  permissionless network. No single entity owns, manages,
  or controls Tezos. Understanding this paradigm is fundamental
  to understanding Tezos.

  The Tezos Foundation is a Swiss foundation,      nications, all working toward the success
  supervised by the Swiss Federal Foundation       of a platform that we believe will ultimately
  Supervisory Authority. Its global purpose        drive innovation on a global scale.
  is to facilitate and enable the promotion
  and development of new technologies              The Tezos Foundation fulfills its mission by
  and applications, especially in the fields       deploying resources that support the long-
  of new, open, and decentralized software         term future of the Tezos project. Grants and
  architectures, including the promotion and       other capital deployment vehicles offer a
  development of the Tezos protocol and            strategic way to help community members,
  related technologies.                            such as educational and research institu-
                                                   tions, developers, or activists from all over
  As highlighted in the Tezos position paper,      the world, to support the advancement of
  the success of any decentralized network         the Tezos project.
  is determined by the efforts of a robust,
  diverse, and flourishing community. The          Tezos’ potential rests in the hands of its
  Tezos Foundation exists as a part of this        community, which is among the strongest
  eco-system, alongside developers, scien-         and most exceptional in the blockchain
  tists, network validators (“bakers”), enthusi-   ecosystem. All interested parties are
  asts, and independently managed entities         welcome to join the Tezos community and
  in charge of tech, adoption, business            contribute to the project.
  development, and marketing and commu-

  The success of any decentralized network
  is determined by the efforts of a robust,
  diverse, and flourishing community.
  The Tezos Foundation exists as a part of
  this ecosystem.
                                                                                                   5
Tezos Foundation - March 2021
The Past Six Months
  with Tezos
                                                                  10                                            11                               12                      01
                                      09
  Selected Events from the Tezos Ecosystem

          08                                                                                                                                                      January 6, 2021
                                                                                                                                                                  Saudi Arabia’s Taibah
                                                                                                                                                                  Valley becomes the first
                                                                                                                                      December 31, 2020           Middle Eastern corporate
                                                                                                                                      As part of Tezos Commons’   baker in the Tezos
                                                                                                                                      monthly community           ecosystem.
                                                                                                    November 5, 2020                  reward program, several
                                                                                                    The Swiss bank Sygnum is          community members           January 7, 2021
                                                                                                    the first regulated bank to       receive tez for their       Launch on Tezos’ testnet
                                                                  October 29, 2020                  launch staking for Tezos for      contributions to the        of kUSD, a trustless,
                                                                  Kukai Wallet introduces           its clients.                      ecosystem.                  algorithmic stablecoin that
                                                                  DirectAuth on Tezos,                                                                            is collateralized by XTZ
                                    September 25 , 2020           allowing users to send            November 17, 2020                 December 28, 2020           and soft-pegged to the US
                                    Sword launches Tezos          and receive tez with their        Sword France expands its          Stably brings the USD-      dollar.
                                    DigiSign, an open source      Google, Reddit, and Twitter       involvement in the Tezos          backed stablecoin, USDS,
August 25 , 2020                    solution to digitally sign,   accounts.                         ecosystem by becoming a           to Tezos.
Luke Youngblood and                 store and verify documents                                      corporate baker.
Keefer Taylor present               on the Tezos blockchain       October 30, 2020
Harbinger, a project to                                           ecoo, a coin for local
deliver signed price feeds          September 30, 2020            businesses is launched by
based on market data from           Launch of Dexter, the         Papers, DU DA and Farner
multiple exchanges to the           first noncustodial and        Consulting as a platform
Tezos network.                      decentralized exchange on     for customized, earmarked
                                    Tezos.                        payment instruments in a
August 27 , 2020                                                  Swiss pilot city.
Spruce Systems are
working on decentralized
identity (DID) capabilities
built using the latest W3C
standards.
                        Between Aug. 12 & Sept. 4:                                     Between Oct. 20 & Nov. 12:         Between Nov. 12 & Dec. 5:                            Between Jan. 21 & Feb. 13:
                        The Tezos Delphi upgrade                                       The Tezos Delphi upgrade           The Tezos Edo upgrade                                The Tezos Edo upgrade is
2020                    is proposed.                                                   is activated.                      is proposed                             2021         activated.

August                              September                     October                           November                          December                    January
                                                                                                                                                                                                  6/7
Tezos Foundation - March 2021
Facts & Figures
Some Tezos Foundation Highlights Since August 2020

                                               USD M in assets
                                           (as of January 31, 2021)

         62 new grants in total issued

                                            USD M new grants
                          new                  committed
                    council members

         countries where grantees         Grant Platform launched
                are based
                                                                      8
Tezos Foundation - March 2021
Grants
Tezos Foundation - March 2021
Grants –
Priorities & Process

A key activity of the Tezos Foundation is to deploy resources
to entities and initiatives that will help to ensure the long-term
success of Tezos. The Tezos Foundation is focused on three grant
categories:

               Research, Education & Core Development Grants
               Foster innovation, development, and education about
               Tezos. These grants include a range of projects, from
               online training courses to core protocol development.

               Ecosystem – Tools & Applications Grants
               Lower barriers to entry to help make Tezos as accessible as possible for
               developers and end users of subsequent applications.

               Community Grants
               Support other organizations and initiatives that strengthen and grow
               the Tezos community to which the Tezos Foundation belongs.

With the launch of the Tezos Foundation’s Grant Platform, a range of areas of interest have been
published. These reflect our current needs and change based on the priorities at a given point in
time. Over the past months the areas of interest published focus on baking, developer experience,
education and training, end-user applications, privacy and security. Additionally, the Grant Platform
allows the submission of proposals that are not listed as a priority but may advance the Tezos eco-
system. The launch of the Grant Platform also marks a transition to the ongoing possibility of handing
in proposals rather than during specific time slots. This biannual update stays consistent with previous
updates and uses the three overarching categories for projects.
                                                                                                           10
Tezos Foundation - March 2021
Our Evaluation Process

                                                         Step 1
                    Anyone can apply with a project at any time. The Tezos Foundation’s website
                    contains links that guide to the Grant Platform. Applications are initially vetted
                    to ensure they fulfill the Tezos Foundation’s formal and substantial require-
                    ments. Vetting is performed by several contributors from the Tezos ecosystem.
                    The Technical Advisory Committee (TAC) has full visibility over reviewers and
                    ensures adequate management of potential conflicts of interest.

                                                        Step 2
                    Applications that pass through the initial review phase are sent to the Tezos
                    Foundation’s TAC for technical due diligence and evaluation. The list of current
                    TAC members can be found on the Foundation’s website. The TAC does not
                    make grant decisions itself, but rather offers advice on an application’s tech-
                    nological strength and usefulness to the Tezos ecosystem.

                                                        Step 3
                    Applications that receive positive recommendations from the TAC complete
                    a due diligence process before final decisions to approve, decline, or revise
                    grant applications are made by the Executive Committee or the Tezos Founda-
                    tion Council.

                                                        Step 4
                    Final decisions about grant applications are communicated to applicants after
                    they are made by the Tezos Foundation. Lastly, approved applicants collabo-
                    rate with the Tezos Foundation to complete legal paperwork before a grant is
                    finalized.

In some circumstances, when projects are of sig-     Grants are usually paid out in multiple install-
nificant importance to the Tezos ecosystem, the      ments. Such installments are subject to a pay-
Tezos Foundation will push applications through      ment schedule to ensure that predefined mile-
an out-of-cycle process. It is important to note     stones are achieved. The Tezos Foundation con-
that although these applications are expedited,      trols payments and assesses milestone reports
they undergo the same due diligence process          from grantees prior to follow-on payments. It
and require the same approvals.                      may involve the TAC in this process if technical
The process underwent a change in Q3 2020 to-        assessments are needed. The Tezos Foundation
gether with the launch of the Tezos Foundation’s     will not distribute follow-on payments for pro-
Grant Platform and the communication of areas        jects that do not hit their deliverables.
of interest on its website.

                                                                                                         11
?
Flying evolves.
Tezos evolves.
Since its inception, Tezos has had five upgrades: Athens, Babylon, Carthage, Delphi, and Edo.
                                                                                                12
Grantees & Other
Funded Entities

Since the last Biannual Update (September 2020), the Tezos Founda-
tion has committed funds to 62 new projects across 18 countries for
a total amount of USD 51.3 M. 21 of the 62 new grants (34%) are to
organizations or individuals that were not previous grant recipients.
The increase of committed funds compared to the period covered
in the last Biannual Update predominantly relates to large annual
grants that were entered into at the beginning of the year.

Some projects that previously received grants and are still active are
not listed in this Biannual Update. Please see the Tezos Foundation’s
previous Biannual Updates for information on earlier grants.

                                                 10.3 M             (20%)

                                                  Community

25.3 M                (49%)                       Grants

Ecosystem – Tools &
Applications Grants
                               USD
                                     51.3 M

                                                     15.7 M              (31%)

                                                     Research, Education
                                                     & Core Development
                                                     Grants

                                                                                 13
Research, Education
& Core Development
Grants
The Tezos Foundation supports research on and education about a
wide spectrum of domains pertaining to computer science, such as
distributed systems, cryptography, programming languages, and
formal verification. A significant amount of resources are allocated
toward supporting scientists and engineers at top-tier institutions and
organizations around the world, as well as educational programs to
train future talent. These initiatives, and others that contribute to core
protocol development, are a top priority for the Tezos Foundation.

         Grantees and Other Funded Entities:

         Core Development                                             •     University of Freiburg, Germany
         •  Bolt Labs, USA                                            •     Inacta, Switzerland
         •  DaiLambda, Japan                                          •     Indian Institute of Technology
         •  Marigold, France                                                (IIT Madras), India
         •  Metastate, Switzerland                                    •     Kestrel Institute, USA
         •  Nomadic Labs, France                                      •     Nagoya University, Japan
                                                                      •     OCaml Labs, UK
         Research & Education                                         •     OCTO Technology, France
         •  B9lab, UK                                                 •     Simple Staking, Malta
         •  Baking Bad, Russia                                              Spruce, USA
         •  Cryptoverse Wars, India                                   •     Stove Labs, Slovakia
         •  France-IOI, France                                        •     Tarides, France
                                                                      •     VDF Alliance, USA

         Total: USD
                                          15.7 M
         Contractual calculated monthly burn-rate per organisation and category:

             Over USD 500K          Up to USD 200K
             Up to USD 500K         Up to USD 50K

                                                                                                              14
                                                                                                              14
Bolt Labs Team

Core Development                                Marigold is Gabriel Alfour’s French com-
                                                pany that has received funding to both
Bolt Labs is a US-based firm building           grow their core developer team and work
zkChannels to provide fast and private          on several high priority Tezos core protocol
transactions on blockchains. By deploying       topics such as performance, concurrency
privacy-preserving state channels, trans-       and codebase maintenance.
actions are gathered off-chain, relying
on zero-knowledge proofs and multiparty         Metastate, a Switzerland-based, security-
computation techniques. With the grant,         oriented entity, is dedicated to distributed
Bolt Labs will enable privacy-preserving        ledger research and protocol develop-
state channels on the Tezos blockchain.         ment. Metastate researches and develops
                                                a number of technologies to help advance
DaiLambda, a Tezos core development             the Tezos project. Notably, they work on
team based in Japan, is dedicated to            consensus algorithms, privacy-preserv-
research and development of the Tezos           ing features, proof-of-stake and staking
core protocol and smart contracts. The          products, governance, smart contracts,
DaiLambda team has extensive experi-            sharding, and more. Metastate collabo-
ence with OCaml stemming from time in           rated with other Tezos developers on the
academia at Inria in Paris, and contributes     Delphi and Edo upgrades.
to the growth of the Tezos ecosystem in
Japan and the Greater Asia region through
training and consulting engagements. The
grant covers the Plebia project that targets
storage optimisations for the Tezos core
protocol as well as promotional activities in
Japan.

                                                                                               15
Nomadic Labs is a French firm that
conducts ongoing research into formal
verification of smart contracts, consen-
sus algorithms, and possible zero-know-
ledge cryptography implementations for
Tezos. Nomadic Labs continues to work on
Michelson, a domain-specific language for
writing smart contracts on Tezos, as well as
an additional low-level language, Albert,
which will serve as a compilation target for
high-level languages. The team has con-
tributed to past protocol upgrades such
as Delphi and Edo. Furthermore, Nomadic
Labs collaborates with global research
institutions and universities on the develop-
ment of the protocol. They work together
with the global Tezos developer community
to support development initiatives and
streamline workflows across various teams
and contributors to the Tezos project, as
well as develop foundational projects such
as a reference wallet.

Research and Education

B9lab is a UK-based company specialized
in technology adoption, enterprise learning,
and consulting solutions focused on the
blockchain and decentralized applica-
tion space. The team received funding
to develop an educational experience
for developers who want to learn how to
develop Tezos applications leveraging the
                                                Nomadic Labs Core Development Team
ecosystem stack. They are building a freely
accessible training course and a developer-
centric continuous security offering (CSO)      Cryptoverse Wars is developed by the
use case as part of their efforts.              Indian firm BUIDL Labs wich is built by and
                                                for entrepreneurs, supporting them in their
Baking Bad is an active, Russian Tezos          growth. They continue to develop the proj-
development team that builds a variety          ect as an interactive and fun code school
of Tezos products such as Better Call Dev,      that onboards developers to the Tezos
a smart contract explorer, and TzKT, an         ecosystem by teaching them to write Tezos
advanced block explorer, indexer, and API.      smart contracts in SmartPy.
In addition to continuing with its existing
projects, the Baking Bad team received          The French association France-IOI has the
funding to create an interactive Tezos de-      goal to make as many people as possible
veloper training program to help onboard        discover programming and algorithms. By
more developers to the Tezos ecosystem.         providing resources, training, and competi-
                                                tions the association is, for example, sup-
                                                porting high school students in attending
                                                the International Olympiad in Informatics.
                                                The purpose of the grant is to broaden their
                                                offering of Tezos-related languages such as
                                                OCaml and Michelson.                           16
Peter Thiemann is a full professor of in-       Nagoya University is the third-highest-
formatics at the University of Freiburg in      ranked higher education institution in Japan
Germany. Professor Thiemann received this       with over 16,000 students. Jacques Garri-
grant for Contract Orchestration for OCaml      gue, a professor at the Graduate School of
(COOC), a project to ensure a smooth inter-     Mathematics, is working on the Certifiable
action between OCaml and Michelson and          OCaml Type Inference (COCTI) project to
to provide a framework that guarantees the      make OCaml type inference more robust,
correct orchestration of contract invocation    modular, and verifiable by modularizing the
from an application program in the OCaml        OCaml type checker using constraint-ba-
language.                                       sed type inference and certifying it using
                                                the Coq proof assistant. Further, the grant
Inacta is a Switzerland-based professional      will support the teaching of blockchain- and
service firm focusing on information ma-        verification-related related topics as well
nagement. With a team of over 60 experts,       as technical courses on Tezos technology
they offer both consulting and implemen-        in collaboration with DaiLambda and other
tation services, including in the blockchain    Tezos teams in the Greater Asia region.
field. The grant is provided to support the
transition and training of their consultants    At Cambridge University, OCaml Labs is
on the Tezos blockchain and to support such     a top-tier functional programming and
implementations in the region of Germany,       multidisciplinary computer science team
Switzerland and Austria..                       based in the UK. With this grant, the OCaml
                                                Labs team will migrate the Tezos codebase
The Indian Institute of Technology (IIT         to the new duniverse build system, which
Madras) is a world-class institute with over    will help improve the speed of Tezos builds
8,000 students and nearly 550 faculty staff     and smooth the development workflow
concentrating on higher technological edu-      for developers. OCaml Labs is working
cation as well as basic and applied research.   with researchers at the Indian Institute of
IIT Madras received a grant to upstream         Technology (IIT Madras), one of the foremost
multicore support for OCaml and extend          institutes of national importance in India in
the Tezos tool stack, specifically Irmin and    higher technological education and applied
Lwt. The team is in close collaboration with    research, on this project.
OCaml Labs for this project.
                                                OCTO Technology is a French consulting
The Kestrel Institute, based in the USA, is     and IT realization firm within Accenture
a nonprofit research center for computer        Digital. With this grant, the OCTO team
science. Their team is formally verifying the   built and improved Tezos Academy, a freely
functional correctness of the R1CS imple-       available online platform that teaches LIGO
mentation of Jubjub elliptic curve operations   smart contract development in a fun and
described in the Zcash Protocol Specifica-      user-friendly manner.
tion. Their work will be used in collabora-
tion with Nomadic Labs and in Tezos’ core       Simple Staking is a Malta-based firm
development.                                    building TezEdge, a Tezos node in the Rust
                                                programming language, a popular language
                                                with a focus on safety. They collaborate with
                                                Nomadic Labs and the larger Tezos devel-
                                                oper community on the project. With a Tezos
                                                node in Rust, the ecosystem profits from a
                                                higher diversity of node implementations,
                                                further increasing decentralization and
                                                robustness of the network.

                                                                                                17
Tarides is a French software engineering firm
                                                 focusing on virtualization, distributed sys-
                                                 tems, and programming languages. Tarides
                                                 received a grant from the Foundation for the
                                                 integration between Tezos and MirageOS
                                                 and its further development as well as for
                                                 porting and maintaining Tezos on new
                                                 platforms such as Windows and JavaScript.
                                                 The team also ensures long-term support of
                                                 MirageOS libraries used in Tezos.

                                                 The VDF Alliance is a collection of world-
                                                 class academic, nonprofit, and corporate
                                                 collaborators building open-source hard-
                                                 ware for the blockchain ecosystem. The
                                                 Tezos Foundation joined the VDF Alliance to
                                                 support research and development that will
                                                 hopefully improve the security and scalabili-
                                                 ty of blockchain protocols like Tezos.

Spruce Team Members

The US-based team Spruce joined the Tezos
ecosystem to build a digital and self-sove-
reign identity solution on Tezos. The main
products the team is working on are a
mobile application as a credential wallet, a
Web2 and Web3 application/platform for
credential issues, verifier tools, an ecosys-
tem steward portal, and several infrastructu-
re deliverables such as identity bridges and
SDKs.

Stove Labs is a firm based in Slovakia that is
building Tezos School, a comprehensive and
up-to-date curriculum of content for develo-
pers to learn how Tezos can be utilized. They
promote this project including the develop-
ment of use cases to be taught.

                                                                                                 18
?
Phones evolve.
Tezos evolves.
Since its inception, Tezos has had five upgrades: Athens, Babylon, Carthage, Delphi, and Edo.
                                                                                                19
Ecosystem – Tools
& Applications Grants
The Tezos Foundation supports many teams is building tools
that will help developers of varying skill levels build novel
applications on Tezos and contribute to the growth of its
ecosystem. To date, the Tezos Foundation has focused on
five main areas within this grant-making category:
programming languages and libraries, block explorers and
analytics, smart contract development, infrastructure, and
applications.

         Grantees and Other Funded Entities:

         Programming Languages and Libraries   Smart Contract Development
         • Ackee, Czech Republic               • Agile Ventures, Czech Republic
         • Alexandre Moine, France             • Anchor Labs, USA
         • Attic Lab/Everstake, Ukraine        • Baking Bad, Russia
         • Edukera, France                     • Biconomy, Singapore
         • Go Tezos, USA                       • DaiLambda, Japan
         • Luiz Milfont, Brazil                • Guillem Rieu, France
         • Madfish Solutions, Ukraine          • Johann Tanzer, Austria
         • MoneyTrack, France                  • Runtime Verification, USA
         • NEOFACTO, France                    • Smart Contract Labs, Estonia
         • Nomadic Labs, France                • Tezsure, India
         • Simple Staking, Malta               • Truffle Blockchain Group, USA
         • Sotez (Andrew Kishino), USA         • Korea University (Hakjoo Oh), Korea

         Block Explorers and Analytics         Infrastructure
         • Baking Bad, Russia                  • Anyblock Analytics, Germany
         • Blockwatch Data, Germany            • Attic Lab/Everstake, Ukraine
         • Papers/AirGap, Switzerland          • Baking Bad, Russia
                                               • Bender Labs, France
                                               • Breadwinner, Switzerland
                                               • camlCase, USA
                                               • Crypto Storage, Switzerland
                                               • Cryptonomic, USA
                                               • dOrg, USA
                                                                                       20
                                                                                       20
Infrastructure (cont.)                                        Applications
• Dream Way, Turkey                                           • Andrii Sobol, Ukraine
• DSENT, Switzerland                                          • Atlas One, Canada
• ECAD Labs, Canada                                           • Blockcurators, Germany
• Equisafe, France                                            • Botwars Ultimate Trading, UK
• Figment Networks, Canada                                    • Chain of Insight, Canada
• Fireblocks, Israel                                          • Diginex Solutions, Hong Kong
• FutureSense, Korea                                          • Electis, France
• Global P.O.S, France                                        • hicetnunc2000, Brazil
• Gravity, France                                             • IBF Net, Malaysia
• Henrik Moe, USA                                             • LeewayHertz, India
• ImToken, China                                              • Madfish Solutions, Ukraine
• KoineArth, Singapore                                        • Mudit Marda, India
• Kukai (Klas Harryson Consulting),                           • Nzinghaa Lab/Ejara, Cameroon
    Sweden                                                    • Shubham Kukreja and Khushi Asawa,
• Ledger, France                                                 India
• LIGO, France                                                • Sword France, France
• Magic Labs, USA                                             • Trout Labs, USA
• Metaco, Switzerland                                         • Wolfram Blockchain Labs (WBL), USA
• MIDL.dev, Estonia
• OCTO Technology, France
• Ozone Networks, USA
• Papers/AirGap, Switzerland
• Pierre Genevès, France
• Shareable Asset, Singapore
• SkillZ, France
• Smart Chain Arena, USA
• SmartChain, UAE
• Soulmachine, UK
• Stably, USA
• Sylo, New Zealand
• Taurus, Switzerland
• TQ Tezos, USA

Total: USD
                                25.3 M
Contractual calculated monthly burn-rate per organisation and category:

    Over USD 500K          Up to USD 200K
    Up to USD 500K         Up to USD 50K

                                                                                                     21
Programming Languages                            Luiz Milfont is based in Brazil and is working
and Libraries                                    full-time on advancing the Tezos project
                                                 there. He received a grant for creating
In order to make Tezos as accessible as          libraries in programming languages so that
possible, the Tezos Foundation supports          Tezos may be present in several programm-
engineers in creating open-source soft-          ing environments and frameworks as well
ware that helps lower barriers to entry to       as for educational initiatives targeting the
Tezos development.                               Portuguese-speaking audience.

Ackee, the Czech development team,               The Ukrainian software development
worked on updating its existing TezosSwift       company Madfish Solutions is working on
project, including tutorials and a proof of      several projects to help advance the Tezos
concept application.                             ecosystem. As part of this category, they
                                                 will improve the eth2tez (sol2ligo) transpiler
Alexandre Moine, who is based in France,         to help developers migrate smart contracts
developed a linter for the LIGO language.        from Solidity to LIGO.
He received funding to build a compiler
hook and lint-ligo 1.0, which is able to take
linting rules as inputs and produce user-
friendly reports. His development is in colla-
                                                 Tezos’ functional pro-
boration with the LIGO development teams.        gramming makes us con-
The Ukrainian firm Attic Lab/Everstake is
receiving funding for several projects. As
                                                 fident about having top-
part of their efforts, they are building and
improving TezTracker, a Tezos block ex-
                                                 grade, provable reliability
plorer, and a Tezos multisig wallet. They re-
ceived a grant to build and deploy both the
                                                 across systems built on
back and front ends of the block explorer,
while relying on an existent, efficient, and
                                                 Tezos.
publicly available indexer.                      Madfish Solutions

Edukera is a France-based company
focusing on smart contract security. The         MoneyTrack is a France-based team
team contributes to Tezos smart security         building a payment platform for direc-
efforts through Archetype, a domain-spe-         ted currency that combines the world of
cific smart contract language focused on         traditional payment with the guarantees
security for the Tezos blockchain. They          of control, traceability, and irrevocability
received a grant from the Tezos Foundation       of blockchain. As part of their efforts on
to further this project and contribute to the    Tezos, they are developing a Dart library for
formal verification process for Archetype        Tezos to facilitate developers’ adoption and
smart contracts.                                 remove friction in dApp development.

Go Tezos, created by Tezos developer             The consulting firm NEOFACTO, with offices
Brice Aldrich in the USA, is a popular Go        in France, Luxembourg, and Belgium, has
library that exposes and builds upon the         a team of over 80 members supporting
Tezos remote procedure call (RPC). Brice         companies with their digitization initia-
continues to improve Go Tezos by adding          tives. As part of their offering, they provide
additional features such as smart contract       blockchain consulting as well as applica-
deployment and more RPCs, increasing test        tion development. The team received a
coverage and improving security.                 grant to contribute to the Tezos project by
                                                 developing and releasing a Java connec-
                                                 tivity toolbox (EJ4Tezos) to help boost the
                                                 adoption of Tezos in the enterprise world.
                                                                                                  22
Michelson, maintained by Nomadic Labs, is     Block Explorers and Analytics
the programming language for Tezos smart
contracts and was designed with formal        The Tezos Foundation has also made it a
verification in mind. Even though it is a     priority to fund the development of open-
rather low-level, stack-based language, its   source block explorers and other tools to
static type system eliminates a whole class   help community members analyze the
of programming errors before the execut-      Tezos blockchain.
ion of smart contracts. Nomadic Labs also
works on Albert, an intermediate smart        Baking Bad is a Russian Tezos develop-
contract programming language intended        ment team that builds a variety of widely
to serve as a compilation target for high-    used products in the ecosystem. This grant
level languages. Furthermore, Nomadic         supports the team with the further improve-
Labs maintains Mi-Cho-Coq, a specifica-       ments of TzKT, a lightweight, API-first, ac-
tion of Michelson using the Coq interactive   count-oriented block explorer for the Tezos
theorem prover. This provides a formal spe-   blockchain. They received further grants
cification of the syntax and semantics of     for Better Call Dev, a Tezos smart contract
Michelson, as well as a framework to verify   explorer.
smart contracts.
                                              Blockwatch Data, which is based in Germa-
Simple Staking is a Malta-based firm that     ny and led by Alex Eichhorn, received an
continues to build TezEdge, a Tezos node in   additional grant to accelerate the develop-
the Rust, programming language, a popular     ment of TzStats, a Tezos block explorer, and
language with a focus on safety. They         its underlying blockchain indexer, tzindex.
collaborate with Nomadic Labs and the         In addition to ensuring compliance with
larger Tezos developer community on the       future protocol upgrades, TzStats will also
project. With a Tezos node in Rust the eco-   allow users to track upcoming Tezos-based
system profits from a higher diversity of     assets (tokens). A recent API upgrade in-
node implementations, further increasing      cluded the addition of features such as
decentralization and robustness of the net-   implicit on-chain events, contract interface
work.                                         hashes, and entry point filters and statis-
                                              tics.
Andrew Kishino is a US-based Tezos devel-
oper working on Sotez, a bare-bones           Papers, the Swiss team behind the AirGap
JavaScript library for interacting with Te-   wallet, is an active development team in
zos. The firm received a grant to continue    the Tezos ecosystem. The Papers team con-
said development on Sotez and also to         tinues to improve tezblock, a Tezos block
contribute to Taquito, a TypeScript library   explorer, by adding more advanced baking
suite for development on Tezos.               and governance data through integration
                                              with Tezos Agora, Tezos smart contract and
                                              asset support, and other key metrics and
                                              data visualizations.

                                                                                             23
Baking Bad Team

Smart Contract Development                      Anchor Labs is a US-based team that is
                                                working on bringing Golang support to
Tezos supports institutional-grade smart        Tezos’ smart contracts. They are working on
contracts. The Tezos Foundation funds           expanding the scope of Anchorage’s open-
tools to help lower barriers to entry for       source library to support creating and invok-
Tezos smart contract development and the        ing contract scripts in the Go language.
applications that will follow.
                                                Adding to its list of products in develop-
Agile Ventures, based in the Czech Repub-       ment, Baking Bad works on Atomex STO
lic, is an in-house software development        Gate, a collection of flexible program
team and consultancy group that has             modules to provide various atomic swap im-
worked on a number of Tezos projects since      plementations for digital securities (security
2016. They are currently receiving several      tokens) and other Tezos asset standards.
grants. Continuing from their work on TaaS,
the Agile Ventures team continues working       The Singaporean company Biconomy is
on bringing GraphQL subscriptions on top        focusing on Web3 applications. The team
of Tezos, collaborating both with ECAD          develops a metatransaction protocol for
Labs and Nomadic Labs. Further, they are        Tezos. As part of these efforts, they develop
building a set of smart contracts for a Tezos   a TZIP and collaborate with other Tezos de-
Domains dApp, where users can participa-        velopers on a standard for smart contracts
te in domain auctions and manage their          to support metatransactions in order to
Further, they are building a set of smart       leverage gas-optimized metatransactions
contracts for Tezos Domains, a dApp where       and a client-side SDK that allows developers
users can participate in domain auctions        to easily plug into relayer infrastructure to
and manage their domains as well as load-       leverage metatransactions. The team is
balanced, and geo-redundant deployment          collaborating with ecosystem teams such as
of the Tezos Domains Indexer and publicly       TQ Tezos.
available API. of the Tezos Domains Indexer
and publicly available API.                                                                      24
DaiLambda development team, based in             Smart Contract Labs is an Estonian-ba-
Japan, received an additional grant to           sed team focusing on blockchain products
lower the burden of developing high-qua-         on modern proof-of-stake platforms. Their
lity smart contracts using formal methods.       team is contributing to the Tezos project by
This will include establishing a concept of      building a platform for creating and trading
a Typical Smart Contracts (TSC) Agency           synthetic assets on Tezos, starting with
and building an open-source prototype for        binary options.
such a platform. The platform will be a web
application where visitors follow an intuitive   Tezsure is an India-based team focused
and informative wizard to create a smart         on building Tezos tools for decentralized
contract generated from one of many tem-         finance (DeFi) applications. This grant helps
plates provided.                                 the Tezsure team continue to build Tezster,
                                                 a testing tool for Tezos development, by
Guillem Rieu, who is based in France, is         implementing more advanced features,
working on the PeerPatron platform and           producing tutorials and explainer videos,
related open-source tools with the goal of       and adding examples of smart contract
developing a Tezos-based alternative to          templates.
conventional crowdfunding platforms like
Patreon. In this project, he will also release   Truffle Blockchain Group, the US-based
templates for dApps and smart contracts          team behind the world-class development
as well as tutorials and full documentation.     environment Truffle Suite, received a grant
                                                 to achieve its objectives with regard to con-
Johann Tanzer, based in Austria, is the          tributing to the Tezos project by supporting
lead developer of Tplus, a tool that helps       the development of a software program
developers manage Tezos environments             that implements Tezos support for the
(sandboxes and public nodes) to lower the        Truffle smart contract development tool.
barriers for development on top of Tezos.        Truffle support will be added for the Smart-
He received a grant to incorporate existing      Py programming language. The team will
open-source projects and libraries into          also create a proof-of-concept, Tezos-
Tplus, improve its user interface (UI) and       flavored Ganache.
user experience (UX), and promote its use
and adoption in the community.                   Korea University has around 30,000 stu-
                                                 dents as one of the oldest institutions of
Runtime Verification is a US-based com-          higher education in the country. Hakjoo Oh
pany that uses runtime-verification-based        is an Associate Professor in the Computer
techniques to improve the safety, reliability,   Science department and received a grant
and correctness of software. Building off of     to build a fully automated tool to verify and
its previous Tezos work developing formal        test the integrity of smart contracts written
semantics of Michelson in the K frame-           in Michelson.
work, the firm created a formal verification
framework for Michelson by extending its
existing unit-testing framework to handle
the case of symbolic unit tests. Furthermo-
re, the team has started their work on a
Firefly client for Michelson that can present
coverage information directly over the
Michelson code.

                                                                                                 25
Infrastructure                                  Breadwinner is the Swiss company behind
                                                the BRD wallet, which is integrating Tezos,
Infrastructure is essential to a thriving       including the ability to delegate tez to ba-
blockchain ecosystem. In the case of            kers in the network.
Tezos, projects building critical infra-
structure like financial primitives and asset   The US-based team at camlCase, which is
standards make it easier for developers to      focused on (DeFi) development and edu-
use these public goods to build novel appli-    cation, received grants to launch and conti-
cations on Tezos.                               nue both Dexter, a decentralized exchange,
                                                and Magma, a mobile wallet. Magma has a
The German firm Anyblock Analytics is           native integration of Dexter and is availa-
a blockchain solution provider offering         ble on both iOS and Android. Furthermore,
consulting, tools, and data to integrate        they received funding to build and launch
business processes with blockchain. One         a mobile smart wallet for Tezos with native
key offering of theirs is the Anyblock Index,   integration with Dexter.
which enables searching, processing, and
analyzing of blockchain data. The grant         Crypto Storage is a Swiss company that is
covers adding the Tezos blockchain to their     part of Crypto Finance AG, which focuses
indexer and enabling it to be queried using     on storage infrastructure and tokenization.
Elasticsearch DSL and SQL free of charge        The team therefore integrated Tezos’ FA1.2
for the community.                              and FA2 token standards into their system
                                                for their client’s projects.
Attic Lab/Everstake is a Ukrainian team
working on several projects for which they
receive funding. As part of their efforts for
Tezos’ infrastructure, they are operating
and maintaining the Tezos Giga Node for a
reliable and stable operation for the Tezos
ecosystem. Furthermore, they are building
a Tezos multisig wallet web application that
also supports the creation of continuous
vesting contracts making use of Paper’s
Beacon for signing and authentication.

Baking Bad is further developing
IMichelson, a Jupyter (interactive note-
book) kernel, for education and prototyping
purposes based on a custom Michelson            Cryptonomic Team

interpreter with runtime type checking and
further features such as basic autocomple-
tion.                                           The US-based firm Cryptonomic builds
                                                infrastructure solutions. They provide tools
Bender Labs is a France-based team cur-         and smart contracts that enable higher-
rently building an MVP of the Wrap proto-       level decentralized and consortium appli-
col, allowing anyone to easily wrap ERC20       cations. The firm received a grant to devel-
tokens into tokens on Tezos. Their project      op oracle services on Tezos via Chain-
includes technical and nontechnical key         link, including ongoing maintenance and
features such as making use of FA2’s white-     community engagement, with which they
listing capabilities and building a wrapping    will touch on existing projects such as their
consensus and incentive systems as well as      Arronax block explorer.
a user-friendly web interface.

                                                                                                26
dOrg is a full-stack freelancer agency          They will further integrate Tezos into Data
based in the USA building and running           Hub, a “full-nodes-as-service” offering to
on Web3 The team designs and devel-             make it easier for developers to access
ops Homebase, an app for creating and           Tezos blockchain data via an API.
interaction with DAOs using the BaseDAO
framework on Tezos.                             Fireblocks is an Israel-based company that
                                                develops and operates their digital asset
Dream Way is a Turkish company helping          custody, transfer, and settlement platform.
drive the adoption of Tezos tokens among        Their platform uses multiparty computa-
retailers and online merchants. They re-        tion (MPC), and they have integrated Tezos’
ceived a grant to continue advancing            native token, including the support for
Payzos, a set of plug-ins for e-commerce        staking, and are building tokenization ca-
platforms that lets users set up a Tezos as a   pabilities using FA1.2 and FA2.
payment method for their online stores.
                                                FutureSense is a Korean-based compa-
Dsent, which is based in Switzerland, is        ny incorporating Tezos in its efforts with
working on tokengate.io, a token issuance       the NIA National Police Agency in Korea,
platform on Tezos, including payment via        including a DID subsystem, data integ-
Tezos tokens. Their product focuses on insti-   rity subsystem, and a token-based data
tutional clients such as banks that want to     marketplace. With its efforts, the team is
make use of tokenization. The firm received     collaborating both technically and on a
a grant to build a token wallet generation      communication level with Tezos ecosystem
tool as well as the integration of the FA2      members such as Nomadic Labs and TQ
token standard in their platform.               Tezos.

The Canadian firm ECAD Labs delivers and        Global P.O.S is a French company working
manages projects in the areas of software       on the integration of Tezos into their
development, systems engineering, open-         Easy2PlayWallet cryptocurrency wallet
source development, and support. ECAD           and making tez usable for payments at its
Labs received a grant to develop a Grafana      point-of-sale locations internationally.
data source plug-in for Tezos and improve
Signatory, a Tezos remote signer. ECAD          Gravity is a France-based team developing
Labs is also involved in the development of     a solution that allows individuals and small
Taquito, a TypeScript library suite for de-     businesses to bring together verifiable data
velopment on Tezos as well as in advancing      about themselves in a digital wallet and bu-
the Tezos indexer library by Nomadic Labs       ild trusted digital identities that are private,
to make it better suited for mass adoption.     portable, and persistent. As a digital iden-
                                                tity project, they are in collaboration with
Equisafe is a French company that devel-        Spruce ID, during which they are building
ops a solution for unlisted companies to        an open-source ID stack for humanitarian
manage their investors and investments.         organizations. Part of their Foundation-sup-
Their product is used by start-ups, real es-    ported work is the integration of Tezos-
tate companies, and investors. The team is      based DIDs and verifiable credentials into
implementing the FA1.2 and FA2 standards        the RedRose system used by NGOs world-
into their platform.                            wide.

Figment Networks is a Canadian company          Henrik Moe is a US-based developer who is
working on Web3 solutions. Their team is        working on proof-of-stake reward-related
aiming to help make Tezos application de-       Tezos projects for which he received grants.
velopment a more seamless experience for        He has been developing a tool for bakers
software engineers. With the grants, they       to build taxation reporting, which he is now
integrated Tezos into their Hubble Web3 ex-     improving under the name cryptocount,
plorer, a high-level analytics, alerting, and   including improved UI and UX design for its
governance tool for the Tezos ecosystem.        users.
                                                                                                   27
imToken is a China-based company that            The LIGO team based in France is ad-
        developed one of the most popular wallets        vancing their work on the LIGO project
        in the Asian region. The team not only           with the objective to turn it into a widely
        worked on the integration of tez into their      adopted and well-supported tool. LIGO is a
        solution, but also on contributing to the net-   friendly smart contract language designed
        work by running a public baker for its users     for developing larger contracts than those
        and supporting communication efforts in          written in Michelson. LIGO is an imperati-
        the Asian market.                                ve language that compiles down to clean
                                                         Michelson code. They received a grant to
        The Singaporean KoineArth built marketsN,        continue their advancements, including the
        a blockchain- and AI-based, ERP-compa-           front end (e.g. error messages), middle end
        tible solution for organizations to work to-     (e.g. public API), and back end (e.g. inter-
        gether in a collaborative business-to-busi-      preter improvements).
        ness (B2B) marketplace that creates end-
        to-end visibility and integrates into business   Magic Labs (formerly Fortmatic) is a com-
        processes and vendors on one scalable and        pany based in the USA that launched Tezos
        distributed platform. The team builds this       support in its white-label SDK. It enables a
        marketplace on Tezos, including using the        passwordless wallet connector for Tezos-
        FA2 token.                                       based apps, greatly improving the app’s
                                                         UX. The grant issued to them includes work
                                                         on the infrastructure, platform, and front
                                                         end to support their integration on Tezos.
We’re excited about the
                                                         With their SILO platform, the Swiss firm
easy onboarding through                                  Metaco provides custody solutions for
                                                         financial institutions to manage digital
DirectAuth and how users                                 assets. As part of this, the firm received a
                                                         grant to support both the Tezos blockchain
seamlessly send tez directly                             and its native token in the SILO platform,
                                                         including changes in the front end, back
to social media accounts.                                end, storage solutions, and the support of
                                                         delegation and baking. They further recei-
Kukai
                                                         ved it to integrate the Tezos token standard
                                                         (e.g. FA2) SILO client‘s digital securities
        Kukai by Klas Harrysson Consulting and           using Tezos as the underlying technology.
        their team in Sweden is a popular wallet for
        Tezos-based assets. One of its features is       MIDL.dev is an Estonian firm providing
        the ability to use DirectAuth, allowing users    staking as a service solution for building an
        to create wallets through their social media     open-source suite of Tezos infrastructure
        accounts. The team has received a grant          tools. They offer solutions providing the
        to proceed with their development of the         infrastructure against a fixed fee, allowing
        wallet, including UX and UI improvements,        clients to stake directly. MIDL.dev received
        integration with dApps such as Dexter, mo-       the grant to simplify the process to imple-
        bile device solutions, and more smart wallet     ment a complete baking infrastructure as
        features.                                        code in a replicable and secure manner,
                                                         consequently lowering the barriers to entry
        Ledger, the France-based company behind          for aspiring Tezos bakers.
        the Ledger Nano hardware wallets, works
        on security and infrastructure solutions
        for cryptocurrencies and blockchain ap-
        plications alike. A grant was issued to add
        Tezos support and delegation capability
        to Ledger Vault and maintain said support
        throughout Tezos protocol updates.
                                                                                                         28
Papers Team Members

OCTO Technology is a French consulting           The Switzerland-based Papers team
and IT implementation firm within Accen-         collaborates with other Tezos develop-
ture Digital. They have been awarded an          ment teams to create a wallet interaction
additional grant to continue to advance          standard to help users interact with appli-
the Tezos Link project, an HTTP API to the       cations built on Tezos from their browsers.
Tezos network. It includes architecture          Using this standard, a browser extension,
improvements, increased security, handling       Beacon, has successfully been developed
of testnets, and further advancements such       to allow any application developer to easily
as better scalability of nodes. The firm is      incorporate a wallet via a generic imple-
also supported through a grant in their de-      mentation. Furthermore, the team integra-
velopment of Tezos Land, an open-source          tes Sapling into their AirGap solution.
boilerplate for a digital collectibles market-
place on Tezos.                                  The French developer Pierre Genevès is
                                                 developing TezQuery, a query engine that
Ozone Networks is the US company behind          evaluates not only SQL queries, but also
OpenSea, one of the largest marketplaces         powerful (recursive) queries on the graph
for nonfungible tokens (NFTs) worldwide.         structure of the Tezos blockchain.
Their team is supported to allow users to
explore, buy, and sell Tezos NFTs on the         Shareable Asset is a team from Singapore
main OpenSea marketplace site and ensure         integrating the Tezos protocol into Share-
embeddable NFT improvements on Tezos.            able Asset’s development of a real estate
                                                 asset tokenization platform for the issuance
                                                 of real estate tokens on the Tezos block-
                                                 chain.

                                                                                                29
SkillZ is a France-based blockchain com-         Sylo is a team based in New Zealand that
pany with the aim of helping firms deploy        is building the Sylo Smart Wallet, an appli-
enterprise-grade, production-ready infra-        cation that combines a digital asset wallet
structure. Their goal is into integrate Tezos    with a decentralized private messenger.
to their platform, allowing clients to deploy    The team integrated Tezos into their smart
and manage Tezos nodes on multicloud             wallet in late 2020 and is further working
infrastructure as well as to foster adoption     on both a fiat on-ramp as well as providing
in the industry and collaborate with the         baking services. The Sylo Smart Wallet uses
community.                                       a decentralized communications protocol
                                                 and messaging platform that has a built-in
Smart Chain Arena, based in the USA, is the      smart wallet for sending secure crypto pay-
team behind SmartPy. They have received          ments and messages between users.
previous grants and are now focusing
on improving existing features and new           Taurus is a Swiss financial services com-
development. Among others, these efforts         pany building a next-generation plat-
include the support of Tezos’ upgrades, the      form to trade, invest, and protect digital
ability to easily add metadata to contracts      assets. Taurus is also a leading B2B service
(TZIP-16), lazy and updateable entry points,     provider in Switzerland for cryptocur-
the integration of Thanos to smartpy.io, and     rency custody. The team integrated the
SmartML and SmartJS editors.                     Tezos protocol as well as the FA1.2 and FA2
                                                 standards into their infrastructure. The
SmartChain is a technology organization          integration speeds up the adoption of the
domiciled in Abu Dhabi in the UAE, with          protocol by providing robust and trusted
presence in Saudi Arabia that has built a        infrastructure targeting institutional players
platform called Aqar Chain. They are the         and providing secure access for Tezos to
first in the Gulf Cooperation Council (GCC)      some leading financial institutions.
to tokenize real estate property using
blockchain technology and offer fractional       TQ Tezos houses a technology team
ownership through crowdfunding for retail        building Tezos-based solutions and
investors. Their tokenization platform uses      open-source software for enterprises and
Tezos’ FA1.2 token standard.                     developers. Among a variety of products
                                                 in development, TQ Tezos, in collaboration
Soulmachine is a team from the UK con-           with other Tezos developers, spearheads
tributing to the Tezos project by integra-
ting the Tezos protocol into OroPocket, a
venture of SoulMachine for tokenizing gold
and silver assets and enabling swift transfer
of these tokens between wallets. The Tezos
wallet on the OroPocket platform for users
enables transfer of tez and Tezos gold and
silver tokens, allowing users to instantly buy
and sell gold and silver tokens.

US-based Stably has the mission to make
financial transactions faster, cheaper, and
more transparent through a borderless neo-
banking platform powered by blockchain,
stablecoins, and open-finance APIs. Stably
is integrating Tezos to enable next-gene-
ration DeFi applications and stablecoins in
the Tezos blockchain.

                                                 TQ Tezos Team Members
                                                                                                  30
the development of a standard for a unified     Chain of Insight is a Canadian builder of
token contract interface, supporting both       decentralized tools and blockchain gaming.
a wide range of token types (e.g. fungible,     The team has built Tezos based puzzle
nonfungible, nontransferable) and mul-          games and is currently working on working
tiasset contracts. Furthermore, the team        on Project Uanon a puzzle game on Tezos
focuses on the development of DAOs, ba-         with several stages. The game will include
king software, reference applications, and      Tezos-based NFTs and will play over several
private versions of Tezos.                      months.

                                                The Hong-Kong-based company Diginex So-
Applications                                    lutions drives institutional adoption of digital
                                                assets and blockchain technology. They
End-user applications help facilitate the       received a grant for building and launching
adoption of Tezos and growth of its eco-        eMin on the Tezos blockchain. This includes
system. The Foundation issues grants to         the production of an implementation of
projects building applications that target      eMin in Thailand in collaboration with
a variety of real-world use cases based on      Verifik8 (project 1) and with the United Nati-
Tezos.                                          ons International Organization for Migration
                                                (IOM) (project 2). Furthermore, they are pro-
Ukrainian software developer Andrii Sobol       ducing an enhanced version of the Diginex
received a grant to conduct a game-theo-        Trust eMin application for digital auditing
retic economic analysis of the QuipuSwap        purposes in collaboration with the Ethical
protocol and its components. QuipuSwap is       Toy Program (ETP) and its member compa-
a decentralized exchange protocol to facili-    nies, including Mattel.
tate the exchange of Tezos-based assets. In
this analysis, he aimed to find possible ways
of attacking the QuipuSwap protocol and,
in case of found vulnerabilities, provide the
                                                Tezos NFTs are an eco-
QuipuSwap team with possible remedies.
                                                system with lots of
Atlas One is a Canadian company focusing
on digital securities for private capital
                                                growth potential with
markets. The team is using Tezos as the un-
derlying technology of its platform for the
                                                functional programming
purpose of structuring, creating, issuing,
distributing, and managing digital securi-
                                                working well to connect
ties and digital security offering (DSOs).
                                                NFTs to oracles.
Blockcurators GmbH, which is based in Ger-      Chain of Insight
many, is a software development firm that,
among other things, focuses on blockchain
and cryptocurrency. They received a grant       Electis is a nonprofit organization based
for integrating Tezos into their CoinKit        in France aiming to promote new usage
TipBot and for providing related support to     of technology for democracy and voting,
offer tipping of tez (Tezos tokens) through     with particular expertise in blockchain and
the bot across a variety of platforms such      enabling concrete voting projects. The grant
as Twitter, Discord, Slack, and Telegram.       will help the Electis team to continue with
                                                its Tezos-based e-voting application and
Botwars Ultimate Trading is a UK-based          support its community of over 50 universities
team that teaches players through games         from around the world to contribute to the
how to trade responsibly in a fun and inno-     project. Furthermore, the team is collabo-
vative way. In Botwars, you are the captain     rating with Spruce to add Spruce’s Tezos-
of an army of trading robots and it is your     based DID solution to the voting application.
job to lead them to victory by conquering
the cryptocurrency markets.                                                                        31
The Brazilian firm hicetnunc2000 was built      Ejara is a mobile application that supports
by Rafael Lima, a Tezos, developer in Brazil.   cryptocurrencies and tokenized assets
He has been building several projects on        uniquely tailored to the African market.
Tezos and for this grant, he is focusing on     With this grant, Cameroon-based Nzinghaa
the e-sports community, allowing users to       Lab, which is the team behind Ejara, will
take part in crowdfunding and e-voting          develop and integrate smart contracts into
systems. The company received a grant to        its product to enable secure wallet back-
build and launch an application on Tezos        up and key recovery, Bitcoin-Tezos atomic
that offers this system, including a marke-     swaps, and a cross-chain key registration
ting campaign and providing references          and recovery system on Tezos.
and complete documentation.
                                                Shubham Kukreja and Khushi Asawa are
IBF Net is an Islamic business and finance      students at Savitribai Phule Pune University.
network that is leveraging research and         They have launched CricTez, a fantasy
technology for a halal ecosystem based in       cricket crypto platform. The platform
Malaysia. As part of their efforts, they are    serves each cricket player participating in
building a charity management platform          the league as multiple NFTs in the form of
that integrates Tezos and aims to allow         cards/collectibles. The individual players
collection, distribution, and management        are defined by a fixed number cards.
of charity donations in the blockchain,         Meantime, the assumption is 100 cards
including donations in tez and other            (NFTs), each having a score of 1.0 at the
cryptocurrencies.                               commencement of the league. Each
                                                card/collectible is exclusive to its card
LeewayHertz is an Indian company building       score and ownership.
digital solutions using emerging technol-
ogies for start-ups and enterprises. Their      Sword France is an international leader in
team has been publishing several Tezos-         digital transformation that has engaged
focused blogs and receives support in           significantly with blockchain technologies.
developing a Tezos-based loyalty token          The French team is executing a Tezos-
backed by tez.                                  based digital signature project to fight
                                                against document fraud and fake invoices.
In addition to eth2tez, the Ukrainian firm
Madfish Solutions received grants to build      Trout Labs, a US-based team, is producing
the following pieces of infrastructure:         an open-source web application dash-
QuipuSwap – a protocol enabling a se-           board for bakers to manage their baking
amless exchange of tokens and assets            operations. The platform will enable bakers
on Tezos in a secure, decentralized, and        to be more transparent about their baking
censorship-resistant manner; and Thanos –       operations and facilitate proper accoun-
a fully featured wallet focused on UX with      ting for bakers.
integrated support for various Tezos asset
standards, dApps, explorers, etc. Further-      The US-based team Wolfram Blockchain
more, the team is collaborating with TQ         Labs (WBL) provides solutions and services
Tezos on several projects such as BaseDAO       powered by the Wolfram Language,
and the Tezos gas station network.              Mathematica, Wolfram|Alpha, and assor-
                                                ted Wolfram technologies. In collaboration
Mudit Marda is an Indian developer who          with the TQ Tezos team, they aim to create
is focusing on building a marketplace for       Wolfram|Alpha integration, oracle integ-
NFTs using Tezos’ FA2 standard. His solution    ration, and education work completed by
is powered by a unified flexible framework      WBL.
for conducting different formats of auc-
tions with customizable auctioning attribu-
tes running on the Tezos blockchain.

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