The Ethereum Foundation has announced a multi-million-dollar grant funding initiative aimed at furthering the development of Serenity (ETH2.0) development.
The funding comes as Ethereum nears the release of its highly anticipated ETH2.0 launch, which will bring Proof-of-Stake to the blockchain, in addition to other features that are expected to help fix some of the scaling issues that Ethereum has faced in the past.
Ethereum Foundation, Protocol Labs, and ConsenSys Lead Grant Funding Round
The latest round of funding is aimed at Ethereum client development teams that are currently taked with “delivering long-standing multi-client testnets as development approaches the launch of Phase 0.”
The Ethereum Foundation discussed the grants and listed the recipients of those grants in a blog post, where they explained that the latest round of USD funding comes as they “move close to the launch of the Beacon Chain.”