On the 17th of August, one of the most popular cryptocurrency platform – Ethereum (ETH), tweeted on its official Twitter handle concerning the update of the Ethereum (ETH) Foundation on the Grants program. The Ethereum (ETH) Foundation went ahead to announce the awardees of the 3rd wave of grants in the ongoing Grants program.
Ethereum (ETH) Foundation Is Dedicated to Improving its Network
The Foundation of the blockchain project recently confirmed that they’ve committed about $11 million to a total of fifty-two projects that are aimed at making the network of Ethereum much better. The Foundation has also amassed a lot of responses where participants have pleaded for the processes of the Grants program to be more transparent.
In the present wave three round of the Ethereum Foundation Grants program, the Foundation has tried to perfect their internal processes to ensure that funds are distributed in a timely manner. The Foundation also wants to award grants to participants on a rolling basis hence bringing about prompt backing to projects and teams leading the cause of decentralization and transparency.
The program is hopeful of getting participants that possess the well-formed technical knowledge, a better understanding of the roadmap of the blockchain project, and also a receptiveness towards advancing partnership within the ecosystem of Ethereum (ETH).
The Foundation has also said that their aim is to productively eliminate projects with no potential to enhance the critical platform of the budding community of Ethereum (ETH). The Ethereum Foundation stated that the Wave Three rollout had a lot of participants that possessed strong teams with a series of ingenious ideas.
The Wave 3 Finalists
The Foundation announced the Wave 3 finalists on its official blog. The foundation chose three winners from each category: Education, Usability, Hackternips, Security, and Scalability.
Ethereum (ETH) Price Today – ETH / USD
Ethereum (ETH) is currently trading at $297 after a decrease of about 4 percent over the past twenty-four hours. The current market cap of the digital currency is $30.12 billion and its trading volume over the past twenty-four hours is $1.60 billion.