PARSIQ, widely known for their blockchain data technology services, announced today the launch of the Reactive Network $3M Developer Fund.
The initiative is specifically dedicated to supporting the next generation of decentralised applications (dApps) on the Reactive Network mainnet, which is scheduled for release in the first quarter of this year. The fund is currently open for enrolment and will accept applications on a rolling basis.
Designed to address the challenges of blockchain interoperability, Reactive Network is an EVM-compatible blockchain that can process over 8,000 transactions per second without the need for any user intervention. To fast-track its growth trajectory, PARSIQ will invest up to $3 million in projects building on the Reactive Network. The Reactive Network $3M Developer Fund primarily targets developers and projects with existing EVM-compatible dApps. Solo developers and teams are all eligible to apply.
Projects are evaluated based on their EVM compatibility, innovativeness, clarity, market viability and the feasibility of their dApps. Shortlisted projects will receive financial incentives paid in REACT tokens, tailored technical training, expert mentorship, developer tooling resources, marketing support and exclusive access to venture capital partners for potential future funding. The extensive support positions PARSIQ’s accelerator program as the go-to solution for developers looking to scale, secure funding and successfully realise their ideas on the Reactive Network.
“We believe in the transformative potential of decentralised applications to reshape industries and empower communities. With our $3M Developer Fund, we’re not just providing financial support — we’re building a comprehensive ecosystem where developers can innovate, collaborate and scale their ideas into impactful solutions,” Rong Kai Wong, PARSIQ’s CEO, commented. “This initiative reflects our unwavering commitment to fostering interoperability, driving innovation and enabling the future of blockchain-driven applications.”
While the program mainly focuses on development grants, it also offers opportunities for non-technical contributors. The Reactive Scout Grant is an exciting feature aimed at brand developers, strategists, community builders, growth hackers, content experts and anyone who wishes to help elevate the Reactive Network brand. From content creation to organising events and devising lead generation strategies, the Reactive Scout Grant allows participants to unleash their creativity and earn attractive bounties.
The Reactive Network $3M Developer Fund is bolstered by a network of acclaimed industry leaders as mentors and partner judges, bringing a wealth of know-how and guidance to participants. They include CertiK, QuillAudits, Mobula, RedStone, API3, Axelar, Hyperlane, Stake Capital Group, Asia8 Ventures, Digital Finance Group and Stratified Capital.
“We’re thrilled to participate in Reactive’s Developer Fund, where we’ll be introduced to pioneering teams eager to build decentralised applications on Reactive’s EVM-compatible and interoperable network,” Julien Bouteloup, managing partner of Stake Capital Group, said. “We’re excited to hear from developers who are ready to take their ideas to the next level. Beyond just funding, we look forward to providing mentorship and strategic consultations to help guide these projects as they move from concepts to reality.”
Harvey Chen, co-founder and partner of Stratified Capital, added, “Reactive Network has attracted some of the most forward-thinking developers in the space. What excites us as investors is seeing the real-world use cases of its technology. By supporting projects that have already achieved MVP status and milestone completion, we can immediately focus on their growth potential. Today’s pitches aren’t just ideas; they are real solutions. And we’re eager to discover the next big innovation in Web3.”