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Ethereum Foundation Distributed $2 Million To Ethereum 2.0 Developers

The Ethereum Foundation has announced that is has granted a total of $2 million to projects contributing to the development of Ethereum 2.0.

In a blog post, the Ethereum Foundation revealed that the grants are purely for projects which are focused on bringing Ethereum to the next level.

According to the foundation, a total of 8 projects received the grants of the past months. All projects working on the creation of Ethereum 2.0, also known as Serenity.

Most of the projects are developing solutions for sharding and proof of stake technology, which, in the end, should become the backbone of the next version of Ethereum.

Besides the Ethereum foundation, also ConsenSys, the popular ETH accelerator, and Protocol Labs are participating and will give money for the grants.

The projects that received a grant:

Prysmatic Labs – $ 725,000 to develop a Prysm client;
Harmony – $ 189,000 to develop the Beacon Chain;
Sigma Prime – $ 485,000 (with ConsenSys) for the development of the Lighthouse client;
Status – $ 500,000 for the development of the Nimbus client and $ 150,000 (together with ConsenSys) for the development of nim-libp2p;
Whiteblock – $ 184,000 (with ConsenSys) to test the Ethereum 2.0 network and develop interoperability solutions;
Dmitry Khovratovich – $ 10,000 for compiling a Legendre PRF security report and creating a Proof-of-Custody scheme for the first phase of Ethereum 2.0;
Chainsafe – $ 217,500 for developing the Lodestar lightweight client and providing Javascript support in Ethereum 2.0.

Besides the grants, the Ethereum foundation plans to give 5 ETH bounty awards for any recommendations, bug fixes, and optimizations that will be included before Ethereum 2.0 launches.

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