Ethereum Foundation announces $3.8M in new grants

The Ethereum Foundation has announced that over $3.8 million in grants will undoubtedly be awarded to teams focusing on the Ethereum blockchain.

In a Sept. 8 post published on the Ethereum Blog, the Ethereum Foundation, or EF, announced that it has given grants to teams as part of its ecosystem support program all through Q2 2020. The categories included teams focusing on community and education, cryptography and zero-knowledge proof, or ZKP, developer experience, Ethereum 2.0, and Layer 2.

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The $3,884,000 funds will go to 28 companies and researchers, including blockchain advisory firm Akomba Labs for community and education, and Beacon Fuzz for finding crash-causing and consensus bugs on Ethereum 2.0.

“This list represents non-recurring funding from across the EF, including grants via our public inquiry process, delegated domain allocations and third-party funding,” the EF web log stated. “As always, it’s a privilege to work with these amazing projects and so many more.”

The announcement comes a month following the EF stated it would be creating a dedicated security team for Ethereum 2.0 to review any potential cybersecurity and crypto-economic problems in another generation of the Ethereum network.