Estonian PARSIQ launches $3M fund to support projects in Reactive Network ecosystem

Tallinn-based PARSIQ has announced the launch of the $3M Reactive Network Developer Fund, a program aimed at supporting various projects, mostly dApps. 

The fund is already open for registration of participants, who can be both single developers and teams. The main condition is that decentralized applications created in the Reactive Network blockchain will receive support. This is the core network of PARSIQ, which will be launched in Q1 2025.

Selected projects will receive financial incentives in REACT tokens. In addition, participants can expect specialized technical training, expert mentoring, developer toolkits, marketing support and exclusive access to venture partners for potential future investments.

The PARSIQ initiative was supported by major industry players who will act as mentors, partners and judges. These include such companies such as: CertiK, QuillAudits, Mobula, RedStone, API3, Axelar, Hyperlane, Stake Capital Group, Asia8 Ventures, Digital Finance Group and Stratified Capital.

PARSIQ is a company that introduces a platform for blockchain monitoring and automation. It serves as a layered bridge between blockchains and off-grid applications. The company was founded in 2018 in Tallinn, Estonia, by Anatoly Resin and Tom Thirman.