Prisma Finance Launches Prisma Grant Program Pilot to Boost Ecosystem Development
The funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
![image Alex](https://image.coinlive.com/24x24/cryptotwits-static/3a11cdc0811cb1966908be0d48c0f13d.png)
The funding structure includes rapid grants (below 20,000 mkUSD), community grants (20,000-100,000 mkUSD), and large grants (exceeding 100,000 mkUSD).
The move is intended to meet the “proliferation of all of these different protocols,” Anchorage Digital’s president said.
Things are not going well for Anchorage Digital. The crypto bank just announced a 20% cut in its staff, citing regulatory uncertainty.
Three crypto custodians say they will be able to continue operating.
Anchorage's new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus.
The exchange custody network includes Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute.
Anchorage hinted that the OCC’s actions could help establish a regulatory precedent that would encourage other companies in the space to establish federally regulated digital asset banks.
Web3 development has become a top priority for the blockchain industry as infrastructure providers look to enable the new internet economy.
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks.