There is a classic video of Steve Ballmer at a Microsoft company meeting going absolutely crazy, covered in sweat, screaming “Developers!
As the blockchain revolution kicks into high gear, a new war for developers is underway among the builders of decentralized technologies.
It wants to jump-start projects that will build on top of Tezos, thereby solidifying the value proposition of the underlying platform.
By allocating 20 percent of its $232 million war chest to incentivize building on its technology, it is putting its money where its mouth is.
The company recently announced a $25 million developer/ecosystem-focused fund backed by Version One, Lux Capital, OpenOcean, Rising Tide, and Compound.
This approach differs from Tezos’ because Blockstack (which has not issued its own token yet) is only making introductions to its partner VCs.