TechFlow news: Mantle Network has launched MIP-24, a proposal for the Mantle Ecosystem Fund, requesting community authorization to allocate $100 million from the Mantle Treasury to establish the Mantle Ecosystem Fund, form an investment committee for the fund, and provide an initial funding of 10 million USDC from the Mantle Treasury. Currently, the proposal has 99.92% support and will close on July 15 at 18:30. The proposal aims to raise a total of $200 million in funding for the Mantle ecosystem over the next three years through joint efforts between the Mantle Ecosystem Fund and strategic venture partners. This $200 million pool includes external matching capital contributed by the Mantle Treasury and Strategic Venture Partners when co-investing with the Mantle Ecosystem Fund. The primary goals of the ecosystem fund are to support founders and protocol technology partners building within the Mantle ecosystem, drive adoption of Mantle Network among developers and DApps, and incentivize strategic venture partners to support and invest in the Mantle ecosystem.
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