IOVLabs Unveils Key Developments at 2023 Consensus Conference

IOVLabs' Ambitious Plans for Rootstock Ecosystem

IOVLabs has announced pivotal advancements at the 2023 Consensus Conference, focusing on enhancing the Rootstock Ecosystem and Rootstock Infrastructure Framework (RIF). These initiatives are designed to promote the growth of DeFi applications through strategic workshops and a substantial grant program.

Workshops to Propel Blockchain Innovation

IOVLabs is set to host five complimentary product development workshops. These sessions target companies interested in leveraging blockchain technology and RIF protocols to create and market fintech products. Participants will benefit from collaboration with Rootstock developers, product experts, and receive funding and marketing support. This initiative underscores IOVLabs' commitment to fostering innovation within the fintech sector.

New Visual Identity for RIF

A significant update to the RIF's visual identity has been announced, aiming to better reflect its mission of offering practical, affordable, and scalable fintech solutions on the blockchain. The redesigned identity is intended to enhance the framework's appeal and usability to a broader audience, furthering its accessibility and adoption.

$2.5M Grant Program to Boost DeFi Development

A landmark $2.5M grant program will be launched, with IOVLabs planning to distribute 100 grants throughout 2023. This initiative aims to empower startups and developers to create DeFi applications using the Rootstock platform. The program is a testament to IOVLabs' dedication to building a robust DeFi ecosystem driven by community collaboration.

Making Financial Services Accessible

RIF's mission to simplify decentralized finance aims to address the global challenge of financial inclusivity. With over 1 billion people lacking access to financial services, RIF strives to dismantle these barriers by offering an open-source suite for enterprises, entrepreneurs, and developers. This enables the development of new services or the integration of cryptocurrency into existing products, fostering a more inclusive financial landscape.