Ethereum Foundation Eyes Future With New Round of Grants
August 19, 2018 by William Peaster
Going into the weekend, the Ethereum Foundation declared its “Wave 3” grants for projects in the Ethereum ecosystem focused on scaling, security, education, and more. The new round suggests technical progress is — and will be — coming along steadily for the most popular cryptocurrency behind bitcoin.
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New Grants Put Scaling, Research Into Focus
The Ethereum Foundation, one of the guiding peripheral hands of the Ethereum blockchain, has announced its latest round of progress-minded community grants.
Highlights from Wave 3 grants by the #Ethereum Foundation:
-$4M towards ZK-STARK-friendly hash functions and tooling 🤫
-$400K towards formal verification ✅
-$390K towards state channels/sharding 🚀
-$250K towards full node adoption 👫https://t.co/lzQzVemKmU
— panek (@panekkkk) August 18, 2018
The Foundation announced the first of its inaugural grants for scaling and development efforts back in March 2018. The mission of the ETH maestros is, in their own words, to “effectively grease the wheels for projects building the critical infrastructure of our young community. There are many tracks to lay down before Ethereum ‘makes it.’”
Since the start of 2018, Ethereum Foundation has been fostering the kind of evolution they’d like to see in the ecosystem.
As for their newest dispensations, the Foundation divvied their latest grants per the following categories:
- Usability / Developer experience
Standouts from the current lot of grantees include textbook builders Cryptoeconomics.study, Unreal 4 Engine linkers Etherlinker, Solidity atomizers Etheratom, and sharding beaconers Harmony. 15 projects made the cut all-in-all.
For the forthcoming “Wave 4” grants, the Foundation said they were interested in projects that were exploring plasma, state channel, and “shasper” implementations, a “tokenless’ Lightning Network,’” and around two dozen more potential areas of focus. The group is said to have already spent more than $11 million USD on grants in 2018.
Even Amid Downturn, No Shortage of Happenings in Ethereum Lately
Regardless, the technical progress underlying Ethereum’s path forward has seemingly never been brighter. Not only are EF-backed projects getting helping hands up as of late , but several simultaneous advances in both the private and open-source realms means Ethereum’s functionalities are growing all the while.
It’s the little brother that won’t quit even as Bitcoin Maximalism has seen a resurgence in 2018’s still-bearish cryptoeconomy.
What do you think? Is the Ethereum Foundation focusing on the right areas? What projects would you give grants to? Sound off in the comments below.
Images via Pixabay, Ethereum Foundation