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Ethereum Foundation Revamps Grants Program Under New Funding Approach - news.adtechsolutions Ethereum Foundation Revamps Grants Program Under New Funding Approach - news.adtechsolutions

Ethereum Foundation Revamps Grants Program Under New Funding Approach



The Ethereum Foundation (EF) has revised its grant program, moving from an open application model to a new funding approach under its Ecosystem Support Program.

According to a blog place On Monday, the grants will now be distributed through two main channels: a wish list outlining focus areas established by the Foundation and requests for proposals (RFPs), targeting specific needs in the Ethereum ecosystem.

The previous open grant program, that was on break At the beginning of this year, he stretched the resources of the Foundation, he said. The new model will take a more selective approach by coordinating with internal teams to direct funds towards defined ecosystem priorities.

“The previous open grant program successfully supported hundreds of projects that contributed key building blocks to Ethereum,” the Foundation said, adding that the growing volume of applications limited its ability to pursue “strategic opportunities.”

The first round of wishlist items and RFPs is now live and covers areas such as encryption, privacy, security, community growth, and more.

EF started its grants program in 2018 to support builders who contribute to the ecosystem. In 2024, 105 projects and initiatives received about $3 million in support, according to the Foundation.

Related: BitMine’s Lee says Ether’s “price dislocation” is a signal to buy

Ethereum continues to evolve

News of the renewed grant program comes less than a week after Fusaka’s update went live on Ethereum’s final test, Hoodi.

U The Fusaka update presents several Ethereum Improvement Proposals (EIPs), including EIP-7594, or PeerDAS, which allows validators to access smaller data segments from layer 2 networks instead of entire blobs, thus boosting node performance and scalability.

It also includes EIPs 7825 and 7935, which aim to raise the gas limit and boost performance as Ethereum moves toward parallel execution, a critical part of the blockchain. road sheet which will allow multiple transactions to run at once.