Sid Ahmed
@sidahmed
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Monad has strong relationships with the Solana team and all the projects built on it. This is why weโve seen a partnership with Phantom, which will support the network from day one. In fact, Phantom is currently working on its testnet, which will be open to the public in about two weeks. ๐
According to the Monad manager, the testnet phase will be short and intense, likely lasting no more than three months before the mainnet launch.
Monadโs partnership with the Phantom wallet will bring many users from the Solana ecosystem into the crypto world.
Additionally, bridges like Wormhole, LayerZero, and other bridges will immediately support the network, meaning liquidity will flow into the network.
We all know that when liquidity can easily transfer to a new network, opportunities arise, and everything will explode. ๐ 1 reply
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Unlike other Layer 1 projects, Monad introduced something new: Monad Madness.
In short, Monad Madness is an initiative to welcome emerging projects and allow them to compete against one another.
Each of these projects builds something unique on the Monad network. Monad's team has decided to offer financial rewards to these projects.
The rewards are symbolic, more about recognition than material value, but the competition takes place in the presence of venture capital firms (VCs), which opens the door for these projects.
This means VCs might be impressed by one of these projectsโ proposals and the infrastructure they are building on the network, ultimately leading to investments.
In 2025, another round of competition will be held for these projects. A short video has been created, intentionally paced slowly, showcasing Monad Madness, the judges, and VCs in attendance, as well as the projects that won the race. ๐ 1 reply
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