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Ethereum Foundation gave $3 million to blockchain startups

Ethereum Foundation gave $3 million to different projects

Ethereum Foundation has given nearly three million dollars to multiple blockchain startups and developers as part of its ongoing grant program.

Yesterday, the Ethereum Foundation Grants Team has published a report on the fourth wave of grantmaking. Twenty different developers and teams working on a client diversity, usability, scalability, security and simply for building tools has received a total of 2.86 million dollars.

The grant program, appeared in the spring of this year, aims to support the development of the blockchain Ethereum, smart contracts and decentralized apps.

Status and Prysmatic Labs, focused on developing Ethereum client 2.0 has received very large grants of 500 thousand dollars each. Kyokan, Spankchain and Connext, which working to create an open-source software developer's kit (SDK) for a non-custodial payment channel hub, has received of 140 thousand dollars each.

The Ethereum Foundation Grants Team said:

"We would not exist without the time and energy that you put into Ethereum. While the program continues to grow, we will increasingly continue to involve more community members in the decision making process".

Nabil Naghdy, Chief Operating Officer of Status, said:

"We are proud that the Ethereum Foundation funded our research initiative, giving us the ability to use our values and vision to benefit all the ecosystem participants. Grant allows us to more closely work with other teams and collaborate with the best minds to solve various problems faced by Ethereum. To deal with them is possible only by joint efforts".

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