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The ethereum Foundation Ecosystem Support Program (EFESP) has allocated a total of approximately $8.5 million to support 98 projects, according to the foundation’s inaugural grants. ethereum.org/2024/08/30/esp-allocation-q224″>assignment report published on August 30th.
While the report breaks down projects by type, recipient, and contact, it does not provide a detailed breakdown of how much each project received.
Most of the projects that received support from EFESP are labeled as “Community and Education,” and 41 received support from the ethereum Foundation (EF), including events such as eth conventions and small meetups around the world.
In addition, EFESP supported 28 projects dedicated to “Cryptography and Zero-Knowledge Proofs,” the category with the second largest number of projects supported by the foundation.
This second category includes projects such as a protocol that uses zero-knowledge technology to prove ownership of an Indian residency ID on ethereum, the creation of a domain-specific language for writing zero-knowledge circuits, and the production of educational content.
EFESP also supported seven projects dedicated to “developer experience and tools,” two projects focused on improvements to the “execution layer,” two projects aimed at “general growth and support,” and three “general research” initiatives.
Additionally, the Q2 grant batch also included efforts to boost staking advancements and protocol growth.
Reporting in the midst of controversy
ethereum (eth) co-founder Vitalik Buterin praised the initiative on social media, highlighting that the report was a x.com/VitalikButerin/status/1829550851532476787″>Good way to find “the kind of things EF spends money on.”
Buterin's comments come after EF was questioned after sending 34,000 eth to a Kraken address, likely in a sell move. The amount equates to $94 million using the price on the day of the transfer.
Given the significant amount, the crypto community on x questioned where the EF would allocate the funds.
On August 27, EF contributor Josh Stark talked about some of the social media spending over the past two years. So far, EFESP has spent over $20 million on grants this year, which is almost 33% of the amount spent on project grants last year.
According ethereum-foundation”>data on chainThe ethereum wallet address linked to the foundation contains over $751 million in various cryptocurrencies, with the largest amount being 273,532 eth.
