Pharos Network Launches $10M Builder Program for On-Chain Finance Innovation

Pharos Network aims to boost DeFi and real-world asset integration through a $10 million initiative, fostering compliant, high-performance blockchain solutions with global reach.

37d ago

Summary

Pharos Network has officially announced a $10 million Native to Pharos builder incubation program to drive innovation in decentralized finance and real-world assets. The initiative seeks to establish a compliant, high-performance RealFi ecosystem with potential global impact. Key backers include Hack VC, Draper Dragon, Lightspeed Faction, and Centrifuge. Recruitment will begin in Hong Kong, targeting early-stage blockchain projects that focus on integrating tangible assets into the DeFi space and strengthening blockchain infrastructure.

Terms & Concepts

RWA (Real-World Assets): Physical or tangible assets represented on a blockchain through tokenization, enabling digital ownership and trading.
DeFi (Decentralized Finance): Blockchain-based financial services that operate without traditional intermediaries like banks.
Blockchain infrastructure: The underlying systems and networks that support blockchain operations, including nodes, consensus mechanisms, and smart contracts.