DID Fund FAQ

What is the Ontology DID Fund?

The Ontology DID Fund is a strategic initiative designed to promote and accelerate the adoption and understanding of Decentralized Identity (DID) technologies. It provides financial support and resources to empower creators, educators, and innovators to develop impactful projects and educational content that highlight the functionalities and benefits of DID, leveraging Ontology's advanced protocols and products.

Who can apply for the Ontology DID Fund?

The fund is open to educators, creators, developers, startups, and innovators who are interested in exploring and promoting decentralized identity solutions. Applicants should aim to create projects that educate diverse audiences, demonstrate practical uses of Ontology’s DID solutions, and inspire innovation in educational content delivery.

What types of projects does the Ontology DID Fund support?

The fund supports a variety of projects including (but not limited):

• Educational initiatives that enhance understanding and awareness of DID technologies.
• Development projects that showcase practical applications of Ontology's DID solutions.
• Community-driven initiatives that foster discussion and understanding of decentralized identity.

How are projects evaluated for funding?

Projects are evaluated based on several metrics including:

• The potential size and engagement level of the user base.
• Daily Active Users (DAU) for digital or interactive projects.
• Social and community impact.The project’s ability to raise awareness and educate about DID.
• Any previous successful grants or recognition.

What is the funding process?

The funding process includes:

• Proposal Submission: Applicants must submit detailed proposals outlining project objectives, target audience, content strategy, and expected outcomes.
• Review and Evaluation: Proposals are reviewed based on their relevance to DID education, innovation in content delivery, potential outreach, and impact metrics.
• Grant Awarding: Successful proposals are awarded funding according to their alignment with the fund’s objectives and potential impact.

How will the fund be distributed?

The fund will disburse grants in the equivalent value of $10 million USD in ONT & ONG tokens.

What are the key objectives of the DID fund?

The key objectives of the fund are to:

• Catalyze widespread adoption and literacy of DID technologies across various sectors.
• Educate and engage diverse audiences about the benefits and functionalities of decentralized identity.
• Inspire innovative approaches to learning and content delivery within the DID ecosystem.

How can I apply for the fund?

• Interested parties can apply by completing this form which they can find through the dedicated landing page.
• The proposal should include additional supporting documents about the project, its goals, target audience, and how it aligns with the objectives of the DID fund.

Where can I find more information about Ontology’s DID solutions?

More information about Ontology's DID solutions can be found on the main Ontology website, particularly in sections dedicated to OntID, the technical outline of ONT ID, and various use cases demonstrating the adoption and integration of ONT ID technologies.