The launch of Chainweb EVM is part of a larger initiative that includes a $50 million grant program, with half of the funds specifically allocated to support teams building real-world applications on Chainweb EVM

Quotes that support claims

To further accelerate adoption, Kadena is committing a $50 million grant program, half of which is dedicated specifically to Chainweb EVM to back teams focused on real-world utility.

This development, introduced alongside the unveiling of Kadena’s $50 million grant program, reflects the network’s broader initiative to provide an EVM-compatible, multi-chain architecture designed to serve as a decentralized alternative to Layer 2 rollup solutions.

Alongside the announcement of Kadena’s $50M grant program, the release highlights Kadena’s commitment to deliver an EVM-compatible, multi-chain network that functions as a decentralized alternative to Layer 2 rollups.