The Ethereum Foundation, a non-profit organization, announced a $ 1 million fund allocation to support educational programs and developers.
A total fund of $ 1 million will be used to support companies and people promoting cryptocurrencies. As reported in a blog post by the organization, $ 500,000 will be donated to Coin Centetr, the Electronic Frontier Foundation and Fight for the Future to support cryptocurrency education programs.
The second half of the fund will be donated to the community on the Gitcoin platform, which will distribute the funds. The Gitcoin platform encourages developers to create open source software.
“We see that the number of organizations and companies in the cryptocurrency community is growing. Many of them focus on Ethereum, they understand the potential of this blockchain to achieve its goals, its transparency, financial capabilities and privacy, ”the article notes.
At the end of August, the Ethereum Foundation received $ 1.5 million from several projects in the field of decentralized finance.
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