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ETH Foundation Sponsors $1M to 25 ETH 2.0 Staking Projects

ETH Foundation Sponsors $1M to 25 ETH 2.0 Staking Projects
  • 25 ETH 2.0 staking projects in 4 different categories receive $1M funding from ETH Foundation
  • Ethereum grants projects, Gitcoin is also supporting several projects.
  • ETH 2.0 launched and went live in December 2020; however, transactions still take place on ETH 1.x

Ethereum Foundation’s Ecosystem Support Program has sponsored $1M to twenty-five different ETH 2.0 staking projects in 4 diverse categories. This grants round invited proposals that make the Ethereum staking experience easier, safer, and more secure.

Included categories are research (USD268,655.00), data analysis and visualization (USD180,000.00), community and education (USD391,800.00), and new tooling (USD200,000.00). The biggest category in this round was community and education.

Furthermore, CoinCashew’s guide to Ethereum 2.0 staking, Bitfly’s beacon chain explorer, Omni Analytics’ validator health tracker, and a research program are among the projects included at the Barcelona Supercomputing Center.

The Ethereum staking grantee announcement noted that:

“We’re excited to announce the grantees selected for the recent staking community grants round. We were thrilled to see all of the great work proposed by these teams, and we’re looking forward to continuing to find new ways to support the ecosystem.”

Ethereum Foundation will follow these teams in 2021 and beyond. It will see the broader impact that they have on the budding Ethereum staking ecosystem.

Remarkably, ETH Foundation has also granted funding to various other notable recipients. Included is Uniswap, which received $50,000, Turbo-Geth, which was given $25,000. Lastly is node software Ethereum on ARM, which received $20,000.

In particular, the Ethereum Foundation aims to give funding to community projects that support Ethereum 2.0’s staking features. On the other hand, Gitcoin, with the support of the ETH Foundation, is also supporting various projects. It has facilitated $11.3 million of transfers to date.

Ethereum 2.0

It’s been a few months into Ethereum’s proof-of-stake journey Ethereum 2.0. In December 2020, Ethereum launched ETH 2.0. This is a move from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm. Furthermore, the transition means moving to a less-congested blockchain with lower gas fees. However, transactions still take place on ETH 1.x.

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