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NBTC News
Home»Altcoins»Funding for Sui Network Developers
Altcoins

Funding for Sui Network Developers

NBTCBy NBTC06/03/2025No Comments3 Mins Read
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The Sui Foundation has launched a Request For Proposal (RFP) program targeting developers within the Sui network’s ecosystem.

In a recent announcement, the Foundation stated that the network designed the program for its Sui Name Service (SuiNS) and would fund new projects that advance the protocol and enhance its value to the Sui community.

🚨 Attention, builders! 🚨 The @SuiNSdapp RFP program is officially live!

Sui is funding projects that take the ecosystem to the next level, so now's your chance to build the next wave of SuiNS — with support.

The future of SuiNS is in your hands:https://t.co/Enj6dXGcdI

— Sui (@SuiNetwork) February 25, 2025

Program to Drive Development & Community Growth

According to the Sui Foundation’s announcement, the newly launched RFP will drive impactful development and strengthen community collaboration.

The Foundation explained that it will directly fund projects that align with the Sui ecosystem’s needs and the growth of the SuiNS.

Application Deadline: March 17, 2025

A segment of the Sui Foundation’s latest announcement highlighted the process set out for funding builders that qualify for the RFP program.

The application process is ongoing, with March 17, 2025, as the closing date. So, the Foundation expects interested builders to submit their proposals before the deadline.

Related: Sui Foundation Addresses Concerns Over Token Supply Distribution

In the meantime, the Foundation cited two criteria it would scrutinize the submitted proposals with, including their alignment with the RFP requirements and overall feasibility. It has tasked a dedicated RFP committee with reviewing the proposals and short-listing candidates.

The committee will also conduct the final voting to determine the applicants that qualify for funding. The screening process would require selected builders to undergo verification before signing a grant agreement outlining the project’s milestones, deliverables, and timeline.

It is worth noting that the recently launched program marks another milestone in the Sui network’s development. Analysts expect the process to boost SUI’s adoption, potentially leading to its next phase of value accumulation.

SuiNS for User-Friendly Crypto Identities

According to the Sui Foundation, SuiNS provides users with a simple, human-readable identity usable across the Sui ecosystem.

Related: Altcoin Watchlist: SUI, INJ, LINK, ONDO, OM – Which Will Lead the Crypto Bull Run Starting Next Week?

The innovation will replace complex wallet addresses with more familiar names. The SuiNS also aims to enable more personalized, feature-rich interactions to enhance user experiences and app functionality.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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