Today, Sui launched a significant enhancement to its grant allocation process: the introduction of the Request for Proposals (RFP) program. This new program represents a significant evolution in our grant program, as we expand our avenues for supporting innovative projects that grow the Sui ecosystem.
Why the RFP process?
Implementing an RFP program provides better support for builders and ecosystem participants by offering a structured framework for development, strategic alignment, and collaboration. By clearly articulating the needs of the ecosystem through RFPs, we support developers who can create tools and projects that directly address these requirements.
Each RFP is crafted to align funding with the needs of the ecosystem. This program ensures that every grant contributes meaningfully to the advancement of Sui. We believe in decentralizing product building within our ecosystem, empowering diverse individuals and teams to contribute their unique perspectives and ideas.
How does it work?
The RFP process follows a structured path:
Application submission: Interested candidates are invited to submit proposals linked to their chosen project via our online platform. Proposals will be welcomed until each RFP’s application deadline.
Review period: The Sui Foundation will diligently review and evaluate all proposals. An RFP committee will then vote to decide on the final proposal from the shortlisted candidates.
Identity verification: The chosen individual or team will undergo identity verification checks to ensure transparency and accountability.
Grant agreement: Once selected, the Sui Foundation and the chosen individual or team will complete a signed agreement outlining mutually agreed-upon project's milestones.
Project launch: With the agreement in place, the chosen individual or team will commence building their proposed project, contributing to the growth and development of the Sui ecosystem.
Join us in growing the Sui ecosystem
We invite all interested parties to participate actively in this new phase of our journey. Whether you're a seasoned developer, a passionate community member, or someone with a fresh perspective, there's a place for you in our growing ecosystem. Visit the Sui Grants hub to get started.
Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.
