Tezos Foundation adjusts funding application process: investment proposals will no longer be solicited

According to official news, the Tezos Foundation announced that it would adjust the funding application process. Starting from April 2, the investment proposal solicitation activity posted on the website will be ended. This decision was made against the background of limited success rate of investment applications and feedback from the ecosystem adoption team. In the future, the identification of investment applications will be initiated by the Tezos Foundation and members of the ecosystem adoption team. The Tezos Foundation has shifted from a continuous open funding program to a quarterly review cycle, thereby providing more targeted support and improving the quality of applications. Applications can still be submitted at any time, but there will be a centralized review process at the end of each quarter.