After review of the first batch or 2024 grant applications, the xx Foundation is thrilled to announce the approval of its first grant under the newly revamped 2024 xx network development grants program. This marks a major milestone for the Foundation and the xx network community. The grant, awarded to a collaborative project led by longtime community leader and node runner, Bulldog, developed in partnership with BitFashioned, focuses on the development of the much-anticipated XX EVM Bridge. More grant approvals are expected in the next 30 days.
Project Commencement and Ambitious Goals
Development for the XX EVM Bridge is set to begin immediately, with an ambitious target for completion in April Q2 of this year. This project, representing innovation and technical prowess, aims to create a seamless bridge from the xx network blockchain to EVM-enabled blockchains, starting with the Ethereum blockchain. We purposefully launched with the native xxcoin at MainNet in November 2021 to assure the security of the network through staking of the native coin. That said, since MainNet, an EVM Bridge had been hoped for by the Foundation.
Partnership and Collaboration
The partnership among the xx Foundation, Bulldog as the project lead and BitFashioned as the 3rd party developer, underscores the collaborative spirit that defines the xx network. This synergy is not just about technological development but also a testament to the Foundation’s commitment to nurturing and supporting talent within the blockchain community.
Enhancing the XX Network Ecosystem
The XX EVM Bridge is more than just a technical endeavor; it’s a step towards enhancing the overall xx network ecosystem. By enabling a bridge to Ethereum and other EVM-compatible blockchains, the project aims to significantly increase the utility and reach of the xx network. The Bridge paves the way for a myriad of privacy-focused applications and services, while also making it easier to hold and trade the xx coin.
A Commitment to Digital Sovereignty and Privacy
At its core, the XX Foundation remains steadfast in its mission to bolster privacy and digital sovereignty. The development of the XX EVM Bridge is a reflection of this mission, promising to offer users enhanced control and security in their blockchain interactions.
Looking Forward
With the contract officially signed and development underway, the XX Foundation looks forward to sharing future updates on this exciting project. We are confident that the XX EVM Bridge will be a valuable addition to the xx network, reinforcing our position at the forefront of blockchain innovation and privacy protection.
For more information about the 2024 XX Grants Program, please visit our website: Homepage – xx Foundation
Onwards!
xx Foundation,
