In Brief:
- The Ethereum Foundation has selected five client teams to receive donations: Besu, Erigon, Geth, Nevermind and Nimbus.
Various DeFi firms donated total of $1.5 million to the Ethereum Foundation to advance the Ethereum 2.0 upgrade.
According to the announcement, Donors of the “Building Together Execution-Layer Client Ecosystem Fundraise” included Kraken, Compound Grants, Lido, Synthetix, The Graph, and Uniswap Grants. Each of these crypto players donated $250,000 to support the open-source development teams of ETH 2.0
Ethereum execution-layer client teams will receive donations from some of the biggest names in DeFi. The Ethereum Foundation has selected five client teams to receive donations: Besu, Erigon, Geth, Nevermind and Nimbus. The foundation assured the community that additional grants awarded to these teams would not affect its continued financial support.
Also Read: Microsoft Prefered The Ethereum Blockchain for Its Anti-Piracy Campaigns
Commenting on the donations, Ethereum Foundation Executive Director Aya Miyaguchi said: “We strongly believe that collaborative efforts and support are the most sustainable way to benefit Ethereum in the long-term. This joint effort to support teams and builders that maintain a diverse set of Ethereum clients is not only impactful, but set a great example.”
According to the blog by Ethereum Foundation (EF), developers working on clients that support Ethereum software will be awarded the funds. Since January 2020, the EF has spent more than $10M on execution-layer client R&D. Further support from leading entities in the crypto industry has also strengthened the innovative efforts of Etherum.
