The Ethereum Foundation (EFEPS) Foundation (EFEP) Foundation Ecosystem has announced the donation of $ 32.65 million in subsidies for the first quarter. In its quarterly distribution report published today, the Foundation said it had given funds to more than 90 projects.
In the report, the Foundation Listed the recipients of the subsidies, the project for which they obtained the funding and the category to which they belonged. However, the report did not indicate how each beneficiary has obtained.
However, it is possible to identify what cares about the foundation by which project category appeared most in the report. The community and education seem to lead with 32 projects.
These projects varied educational videos on the abstraction of accounts and the ACM conference on the economy and calculation at a privacy residence in Taipei and a summer school at the University of Buenos Aires, in Argentina, on subjects linked to Ethereum.
Interestingly, educational events show the global scope of Ethereum through the Foundation by sponsoring hackathons in the United States and Ethiopia while funding educational programs in Italy, India, Greece and Japan.
Beyond educational and community projects, seven consensus layer projects, such as Goteth, Fabric, Lighthouse and Lodestar, also received subsidies, while 14 cryptography and zero knowledge tests were funded.
The other categories that guarantee funding include developer experience and tools, execution layer projects and other general growth and network support projects. A single layer 2 project, L2 Beats, obtained funding from the grant, the funds intended to allow the platform to continue to provide precise information on the Ethereum L2 ecosystem.
The recipients praise the efforts of the Ethereum Foundation
The report marks the fourth time that the Ethereum Foundation has revealed an allowance report, a practice that started last year in August when it published the second quarter report. The decision to start to report is probably due to concerns about the expenses of the Foundation.
When the first report was published, co-founder Ethereum Vitalik Buterin praised the effort, declaring that anyone who wants more details on what the foundation spends money should review the report.
Until now, numerous subsidy recipients have started to recognize the subsidy and to praise the effort. Amber group Note that his web security team 3 had obtained two grants for their efforts to improve EVM security.
He posted:
“From the improvement of EVM security via the Mothra reverse engineering tool box to increase Geth's performance with Pebbledb, we are proud to continue to push the limits of Ethereum safety and performance.”
The pseudonym security expert Sun have also recognized that they were part of the ETH Rangers program, which supports several people working on public goods safety efforts in the Ethereum ecosystem.
While many recipients have praised the basics of grants, Some users Believe that advertising the allowance is a good step. However, they want the foundation to begin to include the amount of money it allocated with each project.
Ether back above $ 2,000 for the first time since March
Meanwhile, Ether has exceeded $ 2,000 for the first time since the end of March after seeing more than 13% an increase in value in the last 24 hours. The sharp increase in the price of the ETH is involved in the middle of a general increase in the cryptography market.
However, ETH still stands out as the best interpreter among the ten best cryptographic assets in the past 24 hours. This suggests that ether could have more factors at stake. A possible catalyst for its earnings was the successful upgrade of Pectra, which has been the greatest improvement in the network since the fusion event.
Nevertheless, it is too early to conclude that the Ethish race will last. The token is still down 39% Cryptocurrency Analysts are faced with many opposite winds that could hinder price recovery.
However, the gains represent a positive development and according to the technical analyst Ali Martinez, The main supply barrier for ETH is $ 2,380. He said that cleaning this level would begin a new bull rally for the asset.
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