Shiba Inu group has congratulated its companion K9 Finance DAO for receiving a $200,000 grant via the Google for Startups initiative.
K9 Finance not too long ago took to X to announce that it has been awarded a grant of $200,000 beneath the Google for Startups program. Per the announcement, the grant comes within the type of free entry to Google Cloud companies as an alternative of direct money.
With the grant, K9’s growth group can entry Google Cloud’s infrastructure, safety features, and synthetic intelligence (AI) instruments at zero value.
For context, Google launched the Google for Startups program in 2011, which presents startups a possibility to develop by connecting them to related merchandise, sources, and folks.
Since its launch, hundreds of startups, together with Leaping Minds, Fixit, and 6Degrees, have leveraged Google Cloud to develop their companies at zero value.
Advantages of the Grant
In line with K9, the $200,000 grant will assist the mission get rid of cloud bills. With the funding, K9 goals to channel its monetary sources into different areas, similar to advertising and marketing and ecosystem enlargement.
As well as, K9 emphasised that the grant additionally enhances its legitimacy and credibility, as not each mission will get Google funding. Consequently, K9 might achieve important consideration from different established gamers within the tech and Web3 sectors.
Lastly, the K9 group disclosed that its tasks will provide extra velocity and scalability as Google Cloud powers its system.
Past accessing Google Cloud companies at zero value, the group advised that the grant will strengthen its long-term place, creating partnership alternatives, sustainability, and integration.
Moreover, it referred to the grant as a possibility to place K9 Finance as a serious power inside Shibarium and the broader crypto ecosystem.
Shiba Inu Staff Reacts
Expectedly, Shiba Inu’s Advertising and marketing Lead, Lucie, issued a celebratory response to Google’s $200,000 grant awarded to K9 Finance. Notably, the Head of Shiba Inu advertising and marketing referred to the grant as an enormous milestone, given the alternatives related to the backing.
Huge congratulations! That is enormous! https://t.co/ehazTY1wCs
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 26, 2025
K9 Finance stays Shiba Inu’s official liquid staking companion. It permits customers to stake BONE via its Bonecrusher decentralized software (dApp) whereas retaining the liquidity of their tokens.
At press time, K9 boasts a complete worth locked (TVL) of $562,035, in response to information from DeFiLlama. This represents a 75.24% decline from the height TVL of $2.27 million, registered on December 12, 2024.
