The Polkadot ecological public chain Gear officially launched its exclusive foundation, which aims to empower Gear, Polkadot and the Web3 ecosystem and lower the threshold for developers to enter the blockchain industry. At the same time, the Gear Foundation will launch Grants activities to motivate the project team of the Gear ecosystem and provide developers with financial, technical and VC resources support.
Gear is a public chain project started by former members of Polkadot’s parent company, aiming to provide a smart contract environment that supports multi-threaded, parallel and concurrent execution modes, in order to become the best project platform on Polkadot.
Previously, Chain Catcher reported in December 2021 that Gear had completed a $12 million financing. Three Arrows Capital, Polkadot founder Gavin Wood and many executives from Polkadot’s parent company, Web3 Foundation, Lemniscap, Distributed Globals, etc. participated in the investment .