Sui launches RFP program to restructure the funding system, aiding ecological innovation and development.

Sui has recently made significant adjustments to its funding allocation process, launching the proposal request (RFP) plan. This new initiative marks an important development in Sui's funding projects, opening up broader avenues for supporting innovative projects in the ecosystem.

The introduction of the RFP program aims to provide better support for developers and ecosystem participants. By establishing a structured framework for development, strategy adjustment, and collaboration, the program clearly outlines the needs of the ecosystem, facilitating relevant parties in supporting developers to create tools and projects that meet these needs. Each RFP is carefully designed to ensure that the use of funds aligns with the ecosystem's needs, and each grant can make a substantial contribution to the advancement of Sui.

The RFP process follows a structured path:

1. Submit Application: Interested candidates can submit proposals related to the selected project through the designated platform before the specified deadline.

2. Review Period: All proposals will undergo strict review and evaluation, after which the RFP committee will vote to decide the final shortlisted proposals.

3. Identity Verification: Selected individuals or teams will undergo identity verification to ensure transparency and accountability.

4. Funding Agreement: After selection, both parties will sign an agreement to specify the project milestones.

5. Project Launch: After the contract is signed, the selected candidates will begin to build the proposed projects, contributing to the development of the Sui ecosystem.

Sui welcomes all interested parties to actively participate in this new phase, whether they are experienced developers or enthusiastic community members, they can find a suitable place in the continuously evolving Sui network ecosystem.

It is worth noting that the Sui network mainnet has been launched, and the community ecosystem is being orderly initiated. As an important component of the ecosystem, various information platforms and accelerated incubation projects are also actively advancing, providing support for ecological development.

In addition, the Sui Network has become one of the important target chains for DeFi fund inflows in recent times. For developers and investors who wish to participate, understanding how to become a Sui Network validator and earn rewards, as well as why Sui is favored by game developers, are key points worth paying attention to. With the announcement of the first batch of Sui Grants recipients in 2024, we can anticipate more innovations and developments in the Sui ecosystem.