Conflux, a blockchain startup, has received more than $5 million in research grant from the Shanghai Science and Technology Committee and Changning District government, which is part of the municipal government.

The blockchain platform would adopt Fetch.ai's AI technologies to ease cross-chain interoperability and to build on the DeFi space.

Open DeFi is a consortium to help the East meet the West. But with VCs involved, is it really decentralized?

Development grants will be paid in the platform's native token, CFX, in values equivalent to $15,000 and $50,000 for both projects and firms respectively.