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Web3 Foundation Offers $65 million DOT Prize Pool for Deploying Polkadot JAM Upgrade

The Web3 Foundation has launched a prize pool of 10 million DOT tokens (approximately $65 million) to support the deployment of the Join-Accumulate Machine (JAM) upgrade to the Polkadot ecosystem. On May 27, Polkadot founder Gavin Wood revealed that the community had almost unanimously approved the upgrade proposal. The foundation said its initiative aims to promote innovation and enhance the Polkadot ecosystem through the implementation of various JAM protocols, thereby increasing the resilience of the web. 10 million DOT awards encourage the creation of JAM implementations in various programming languages, including OCaml, Go, and Zig.