Proximity Labs has established a $10 million developer fund for the Near protocol

ChainCatcher news, according to TheBlock, blockchain development company Proximity Labs and the Orderly Network, Spin, and Tonic decentralized exchanges on the Near Protocol blockchain announced a $10 million developer fund.

The fund will provide funding and investment for new development teams building on Orderly, Spin, or Tonic, which are decentralized trading protocols relying on virtual order books. These projects use the Near blockchain as a settlement layer, offering a trading experience similar to centralized exchanges. New projects can integrate with these protocols and use them to provide liquidity for their own tools. (TheBlock)