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)

Cover image via U.Today

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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About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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