Ethereum Foundation introduces a new structure of grants for its Ecosystem Support Program, which aims to encourage innovation and adoption in the Ethereum blockchain.
The following is a summary of the information that you will find on this page.
- Ethereum Foundation Announces New Grants Program Approach
- This move follows a short pause in the organisation’s acceptance of all open applications that occurred at the end August.
- Ethereum is eagerly awaiting the Fusaka upgrade.
The Ethereum support team has announced a new initiative through a blog post.
The project, rather than relying on open applications will use a two-pronged approach.
EF introduces this new approach for the ecosystem grant on the back of a previous decision to temporarily halt open requests.
The crypto.news highlightedThe Ethereum Foundation has halted the processing of all grant applications until late August 2025.
It was a result of a reorganization that had taken place in the nonprofit’s management, as well as allowing the EF some time to redesign. “a more targeted, impactful, and sustainable mode.”
The Ethereum Foundation says that the new method better represents Ethereum.ETH)’s growth.
Ethereum Foundation launches a brand new grant model for ESP
In its former model, EF’s open grant program gave hundreds of Ethereum projects access to key financial and associated support. The team was reorganized, but a small team couldn’t effectively manage the overwhelming number of applications.
EF’s new model is proactive in tackling the issue. By avoiding a reactive approach, EF is able to work with ecosystem actors in a manner that aligns the funding priorities of ecosystems with their need for effective projects.
The Wishlist is a key tool for EF to drive new projects in the areas of cryptography, privacy and security as well community.
Applicants will need to present specific solutions in response to RFPs.
“Our work doesn’t stop here,” The ESP Team noted. “We will continue coordinating grant-making across EF teams to ensure that support is aligned and impactful. Beyond funding, we are committed to enhancing the grantee experience by providing robust support throughout their journey.”
Ethereum is preparing to launch the Fusaka update in early December.
Fusaka is expected to be a great success. Ether is still under pressure despite its continued decline.
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Source: crypto.news
