According to Golden Finance, the Web3 Foundation has awarded a decentralized grant to Deep Ink Ventures, though the specific amount has not been disclosed. Deep Ink Ventures is a blockchain consulting and infrastructure building company focusing on the Polkadot ecosystem. This new funding will be used to develop venture capital and community engagement initiatives, while also providing support for seed funds and venture creators. This will be achieved by attracting diverse investors, including venture capital firms, angel investors, and corporations, to support blockchain startups.