RATE Group | Ethereum Foundation Awards Nearly $3 Million in Startup Grants
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Ethereum Foundation Awards Nearly $3 Million in Startup Grants

16 Oct Ethereum Foundation Awards Nearly $3 Million in Startup Grants

Posted at 05:30h in Ethereum News by

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The Ethereum Foundation just awarded nearly $3 million in grants to a number of blockchain startups and developers as part of its ongoing grant program.

In a blog post Monday, the Ethereum Foundation Grants Team released its fourth wave of grants. All told, $2.86 million was awarded to 20 different individuals or groups for work on client diversity, usability, scalability, security and simply for building tools.

As previously reported, the grant program was originally intended to support development on the ethereum blockchain so as to aid in the development of decentralized applications (dapps) and smart contract technology.

The largest grants went to Prysmatic Labs and Status, both of whom received $500,000 each to build ethereum 2.0 clients. Spankchain, Kyokan and Connext also received $420,000 together to work on an open-source software developer’s kit (SDK) for a non-custodial payment channel hub.

On Monday, the team wrote:

“We would not exist without the time and energy…

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