Crypto platform Rally commits $12M to third-party developers
Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators.
The grants program will be distributed through RLY tokens, the native cryptocurrency of the Rally ecosystem, the company announced Friday. A community-elected developer council controls $5 million worth of RLY, giving it considerable sway over which types of bounties and rewards get distributed.
Prior to establishing the new program, Rally awarded third-party developer grants to Bonfire, MintGate and David Young, the creator of the PLAY coin, which is built on Rally.
Rally enables creators and artists to launch their own cryptocurrency and
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