Ethereum Community Fund Launches With $100 Mln Endowment

Mon, 02/19/2018 - 06:05

Six Ethereum-based projects, including several ICOs, have joined a venture capital firm to create a $100 mln endowment called the Ethereum Community Fund (ECF)

Ethereum Community Fund Launches With $100 Mln Endowment

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Six Ethereum-based projects, including several ICOs, have joined a venture capital firm to create a $100 mln endowment called the Ethereum Community Fund (ECF). The ECF will fund open-source Ethereum-based projects. Vitalik Buterin, co-founder of Ethereum, will be advising the ECF. Buterin himself will be using his “advisor shares,” granted him by OmiseGo and Kyber Network, to fund other open-sourced projects.

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Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.