Ethereum Gives Away $3 Mln to Support Blockchain Startups

  • Yuri Molchan
    📰 News

    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


Ethereum Gives Away $3 Mln to Support Blockchain Startups

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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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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