The IOTA Ecosystem DLT Foundation's Grants Program has announced the recipients of its latest round, with 29 projects receiving a total of $3.6 million in funding. The program aims to empower innovators in the IOTA ecosystem by providing research, development tools, education initiatives, and networking opportunities. The latest round saw 142 applications, and the successful projects will build on the feeless, scalable, and efficient IOTA network. Some of the beneficiaries include Nansen, an on-chain analytics platform, DeFa, a decentralized invoice financing platform, CyberPerp, a decentralized perpetual exchange, and BlackFrog, which caters to small-scale mining operations. The price of IOTA has dipped 3.7% in the past day.



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