Ethereum Gives Away $3 Mln to Support Blockchain Startups

Team in charge of grants has given away nearly $3 mln to startups and single entrepreneurs working with the Ethereum Blockchain, in particular on improving scalability

Tue, 16/10/2018 - 11:25

Ethereum Gives Away $3 Mln to Support Blockchain Startups

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Judging by Monday’s blog post of the Ethereum Foundation, the team in charge of grants has given away nearly $3 mln to various startups and single entrepreneurs working with the Ethereum Blockchain, in particular on improving scalability, usability or just creating new tools for developers.

Initially, the program of grants was targeted to underpin the development of the Ethereum network, ETH-based dApps and smart contracts.

The largest sums in grants were awarded to Status and Prysmatic Labs — they got $500,000 each — in order to develop Ethereum 2.0 clients.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.