The Ethereum Foundation (EF) published a detailed post in which it clarified its role in the ecosystem and spoke about its plans for the allocation of resources in the next 12 months.
The role of the Ethereum Foundation in the Ethereum ecosystem
Today, the Ethereum Foundation is a resource allocator, voice in the ecosystem, and Ethereum's “advocate” throughout the world.
Resources and Investments
EF owns approximately 0.6% of all ETHs in circulation, amounting to about $ 164 million. The organization also has cash reserves.
Despite this, the Ethereum Foundation encourages other organizations to invest in high-priority projects and supports innovative funding mechanisms such as Gitcoin and MolochDAO. So, last week EF submitted a grant application in the amount of 1000 ETH for the MolochDAO project.
Interaction with the world
The Ethereum Foundation is also the “first stop” for companies and government agencies that want to learn more about the Ethereum ecosystem.
Therefore, EF plans to work more actively to expand the Ethereum ecosystem, attract developers and improve their working conditions. To achieve these goals, the organization plans to devote significant resources.
Plans
In the coming year, EF plans to spend $ 30 million on key projects in the ecosystem:
- $ 19 million will be allocated to projects related to Ethereum 2.0: Plasma, state channels, formal verification and EWASM;
- $ 8 million will be reserved for initiatives related to ETH 1.x;
- $ 3 million will be spent on training developers, organizing events and further developing the portal Ethereum.org .
Recall that in January, the Ethereum Foundation allocated a grant of $ 5 million to the startup Parity Technologies. According to the foundation, Parity Technologies is the main technical sponsor of the Ethereum project.
Publication date 22.05.2019
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