Ethereum Grants $1 Million to Staking Projects
Key Takeaways
- The Ethereum Foundation has spent $1 million to support several Ethereum 2.0 staking projects.
- Many of those projects are already operational.
- The Ecosystem Support Program continues to accept inquiries.
The Ethereum Foundation has granted $1 million to community projects that support Ethereum 2.0’s staking features.
$1 Million in Grants
The $1 million in funding was distributed between 25 different projects in 4 different categories. Those categories include community and education efforts, new tooling, data analysis and visualization, and research.
Notable projects that received funding as part of this month’s payouts include CoinCashew’s guide to Ethereum 2.0 staking, Bitfly’s beacon chain explorer, Omni Analytics’ validator health tracker, and a research program at the Barcelona Supercomputing Center.
Ethereum 2.0’s beacon chain went live in December 2020, and many of the projects that received grants are already operational. However, ETH transactions still take place on Ethereum 1.x.
Other Ethereum Grants
The grants were coordinated by the Ethereum Foundation’s Ecosystem Support Program, which is still open to other inquiries.
This month’s grants are in line with the program’s usual payout amounts, which range from $5,000 for individual users to over $200,000 for larger teams. Notable past recipients include the DeFi platform Uniswap ($50,000), the go client Turbo-Geth ($25,000), and the node software Ethereum on ARM ($20,000).
Gitcoin, a community-led Ethereum grants project, is also supporting various projects. It has facilitated $11.3 million of transfers to date.
At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article
