red·dev Receives InfraBUIDL() Grant from Avalanche Foundation
2025/01/06
We at red·dev could not be more pleased to announce that we have received a $247,000 grant from the Avalanche Foundation through the InfraBUIDL() program to help complete building red·bridge. We are both honored and humbled. These funds, when combined with our award from Zcash Community Grants, put us on firm financial footing for this stage of the project and clear the path for raising additional funds for launch.
Even more importantly, this award aligns the Zcash and Avalanche communities in providing easy-to-use privacy features to the world.
Why red·bridge? Consider every non-crypto, real world, business transaction. Every single one contains elements of privacy and elements of selective disclosure. If our goal is indeed to empower people to easily and freely digitize all the world's assets, we must provide privacy and selective disclosure features to everyone.
red·bridge will be one of the first proof-of-stake Avalanche L1s, and our goal is for it to serve as connective tissue for the Avalanche L1 ecosystem as it expands–and beyond. Please join us for this journey!
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