Patrick Stanley's new project may provide a way for people to reward and be rewarded by innovative cities.
The program will invest in early stage startups building within the Stacks ecosystem.
Blockstack's Stacks tokens could soon no longer be a security in the US and become available to US investors.
Grant ranging from $1,000 to $5,000 will be paid out in dollars. Once Stacks 2.0 goes live, the funding switches over to STX.
The blockchain governance foundation is stacking stacks.
Blockstack disclosed that its $23 million revenue in 2019 came almost entirely from Stacks token sales.