Tim Paymans, VP of Product at IOV Labs, made a number of necessary bulletins at this 12 months’s Consensus occasion to advance the event of the foundation ecosystem and additional refine the open supply Root Infrastructure Framework (RIF).
In the course of the dialogue, two necessary developments within the RIF had been revealed:
5 free product improvement workshops can be found for firms seeking to develop and promote cutting-edge monetary options utilizing blockchain know-how and RIF protocols. Companions chosen for this system can have entry to Rootstock builders, product specialists, funding and advertising and marketing assist.
RIF has a brand new visible id that higher displays its mission to speed up the event of sensible, inexpensive and scalable blockchain monetary services.
Along with the Rootstock sidechain, it is easy to create inexpensive and user-friendly monetary companies because of RIF’s open supply set of instruments, applied sciences, and protocols.
RIF was created to assist programmers and monetary pioneers remedy urgent on a regular basis shopper issues. A set of open supply applied sciences is the muse for creating functions that permit cash to be transferred, saved, and borrowed securely, simply, and inexpensively.
In his presentation at Consensus 2023, Tim Paymans defined intimately why IOV Labs created RIF and the way the corporate intends to assist develop decentralized protocols:
Tim Paymans additionally revealed that IOVLabs will launch a $2.5 million funding spherical. USD grant program for firms and builders to construct DeFi functions on high of Rootstock, probably the most safe, permissionless and censorship-resistant Bitcoin sidechain on this planet. The information added to RIF’s progress. IOVLabs needs to assist entrepreneurs and founders construct their monetary futures with 100 grants this 12 months. This system is scheduled to begin within the coming weeks.
Pei Chen, Vice President of Development at IOVLabs, famous the information:
Corporations, entrepreneurs, and builders can use the open supply RIF suite to construct new companies or incorporate cryptocurrency into present merchandise. They might additionally specific curiosity in partnering with RIF to co-develop a product.
IOVLabs goals to offer a basis for monetary inclusion. As a part of our mission to create a protected and honest world monetary system that permits everybody to take part and succeed, a part of this effort consists of the event of decentralized protocols corresponding to Rootstock and RIF.
