In our latest Ethereum news, the Ethereum Foundation announced that they are giving 20 new grants to different entities and people that work on the Etheruem blockchain.
In a press release, the foundation stated that the total amount of awards is over $3 million. The biggest one that is $500,000, was given to Prysmatic Labs and Status. Both of these companies are trying to develop the new and improved Ethereum ecosystem 2.0 which was announced by Vitalik Buterin himself last year in November.
The awarded companies were chosen by how much they contributed to developing the network such as improving the scalability, security, and usability. The adult entertaining platform SpanChain also received a grant of $420,000 for working on an open-source software for a non-custodial payment channel.
The Ethereum team announced:
‘’ Thank you to all the fantastic community members that have applied with creative ideas on how to bolster our ecosystem. We would not exist without the time and energy that you put into Ethereum. While the program continues to grow, we will increasingly continue to involve more community members in the decision-making process.’’
Many companies such as OmiseGo, Cosmos, Maker, Golem, and Riden announced that they would grant a $100 million to different projects that will further develop the Ethereum blockchain ecosystem.
Buterin also said that he will be joining the project as an advisor. He also regularly donates money to open-source projects that help to build innovative technologies such as providing scaling solutions for the network.
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