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Thursday, May 23, 2019

Ethereum to Spend an Eye Popping $30 Million as Price Hits Its Stride

By: Wes Messamore
The Humble Libertarian

The Ethereum Foundation announced it is committing $30 million over 12 months as it continues to build Ethereum 2.0.

The nonprofit is spreading the funds “on key projects across the ecosystem” with a focus on Ethereum 2.0 (Plasma), supporting Ethereum 1.0, and developers.

The foundation holds 0.6% of all ETH in addition to cash on hand. The Ethereum price took the baton from bitcoin and surged to an eight-month high last week.

ETH is up approximately 50% in May alone.

Read more at CCN.