Ethereum Foundation Allocates $8.04 Million to Ecosystem Projects In Q3 2022
In Q3 2022, the Ethereum Foundation released projects that received money and allocation details. A total of 69 projects and localities won prizes totaling $8.04 million.
These initiatives are classified into the following categories: Community and Education, Consensus Layer, Cryptography and Zero Knowledge Proof, Developer Experience and Tools, General Research, Indirect Grants, Layer 2, and others.
Gitcoin, Kiln, Stanford Blockchain Research Center, and others were among the initiatives.
The Ethereum Foundation awarded a total of $8.2 million to several initiatives in Q1 and Q2. In comparison to 2021, when it committed about $23.8 million, 2022 marks a 46% reduction in program funding.
Currently, Ethereum developers have decided that the network’s next hard fork, codenamed “Shanghai,” will be released in March 2023. This upgrade will include the EIP 4895 code, which will allow Beacon Chain staked ETH withdrawals.
At the time of writing, ETH is trading at $1250.
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