Web3 Foundation sets up a DOT prize pool worth about $65 million for deploying Polkadot JAM upgrade

On June 16th, according to CryptoSlate, the Web3 Foundation has launched a prize pool of 10 million DOT tokens (approximately $65 million) to support the deployment of Join-Accumulate Machine (JAM) upgrade to the Polkadot ecosystem. On May 27th, Polkadot founder Gavin Wood revealed that the community had nearly unanimously approved the upgrade proposal.The foundation stated that its initiative aims to promote innovation and enhance the Polkadot ecosystem by implementing various JAM protocols, thereby improving the network's resilience. The 10 million DOT award encourages the creation of JAM implementations in various programming languages, including OCaml, Go, and Zig. Qualified participants must reach specific milestones, such as importing and outputting blocks, meeting performance standards on Kusama and Polkadot, and passing security audits. The plan aims to ensure the development of a decentralized network capable of handling various computing tasks.The foundation stated that JAM provides a universal environment to ensure the scalability of L2, independent of rollup solutions, and meets the diverse needs of any application. It added that the community's strong support for JAM indicates a willingness to accept decentralized innovation while maintaining high standards. Although the upgrade schedule is currently unclear, its implementation will be carried out in five steps, including importation, authoring, speed checks, and security audits.