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Ethereum Foundation Lays Out The Next $30 Million Worth Of Funding

The Ethereum Foundation detailed Tuesday how an estimated $30 million will be spent by the organization on key projects within the ethereum ecosystem.


The group said that $19 million has been earmarked over the next 12 months to be put towards “building the ethereum of tomorrow.”


Namely, this includes an ambitious scaling upgrade dubbed Ethereum 2.0, “layer 2” scaling projects such as Plasma, among other research and development projects.


Another $8 million is detailed to be spent over the next 12 months on supporting the current ethereum mainnet through initiatives such as Ethereum 1x.


“Ethereum is used in production today to secure billions of dollars of assets and as a base layer for many hundreds of live applications. We believe that it is vital to continue supporting these efforts to ensure that ‘Ethereum 1.0’ continues to be the world’s dominant smart-contract platform,” the Foundation said in a blog post released Tuesday.

Read More at CoinDesk...



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