Ethereum Gives Away $3 Mln to Support Blockchain Startups

Yuri Molchan
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
Cover image via U.Today

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.

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, can be contacted at yuri.molchan@u.today.