Ethereum

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.

ETH daily chart. Source: Coincu

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.