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:
In a statement, Status COO Nabil Naghdy told CoinDesk that the company is "proud that the Ethereum Foundation has chosen to co-fund this research initiative, enabling us to align our values and vision to the benefit [of] all participants in the ecosystem."
"The grant brings us closer to other client teams and ensures collaboration with brilliant minds working on similar problems. The challenges facing Ethereum are not project or team specific, they face us all," he said.
Ethereum image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.