RATE Group | Vitalik Just Gave $300K in Crypto to Three Ethereum Startups
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Vitalik Just Gave $300K in Crypto to Three Ethereum Startups

19 Dec Vitalik Just Gave $300K in Crypto to Three Ethereum Startups

Posted at 19:47h in Ethereum News by

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Vitalik Buterin, the creator of ethereum, has just donated $300,000 in cryptocurrency to three blockchain startups – apparently making the decision in response to a Twitter thread.

The three projects receiving the 1,000 ETH grants are Prysmatic Labs, ChainSafe Systems and Sigma Prime.

All are projects working to build the blockchain network’s next iteration, ethereum 2.0. Sigma Prime is building an ethereum 2.0 client called Lighthouse, Prysmatic Labs is working on ethereum scalability and ChainSafe is also building an ethereum 2.0 client.

The move came in response to a twitter thread in which prominent members of the ethereum community discussed ways in which the technology might be improved, with some citing inadequate funding as a reason for slow development.

Preston Van Loon, co-founder of Prysmatic Labs and a software engineer at Google, tweeted that, even with recent grants, “it’s hardly enough to take the whole team full time with significant pay cuts…

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