RATE Group | Grayscale Investments sees a future in Ethereum Classic
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Grayscale Investments sees a future in Ethereum Classic

26 Jan Grayscale Investments sees a future in Ethereum Classic

Posted at 06:46h in Ethereum News by

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Grayscale Investments—a subsidiary of the Digital Currency Group (DCG)—is pledging an additional two years of support to the Ethereum Classic Cooperative (ECC).

In a press release, the digital asset manager explained that one-third of the fees collected through its Grayscale Ethereum Classic Trust will continue to go toward funding the ECC through the end of 2021. This allows the Ethereum Classic Cooperative to continue to fund various development projects on the ETC protocol.

The Cooperative also plans to use some of the funds to revamp its governance and establish stronger bookkeeping methods to ensure a more transparent infrastructure. It plans to publish transparency reports every quarter starting in March of this year.

Founded in 2017, the ECC is a public charity that provides financial resources to developers who build atop the Ethereum Classic network. As of Q3 of last year, Grayscale has contributed more than $1 million in funds to the organization.

Meanwhile, it…

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