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Reserve Protocol (RSR) Launches $10 Million Ecosystem Fund
On January 26, Reserve Protocl (RSR) announced the creation of two new companies, ABC Labs and Confusion Capital.
ABC Labs will focus on developing and promoting the protocol under the leadership of CEO Thomas Mattimore. Confusion Capital will manage the fund and special projects in the ecosystem and will be led by co-founder Nevin Freeman.
Additionally, Reserve has announced the launch of a $10 million funding plan, and Confusion Capital is opening applications for $10 million in funding to individuals, unincorporated teams, DAOs, and companies to continue building the decentralized Reserve ecosystem.
The $10 million budget has no time limit and will be disbursed as soon as the legal beneficiary is identified. The first round of registration will open today and will close on February 9.
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