Notable Ethereum supporters and advocates are coming together to help make a fundraising project built on the popular cryptocurrencies blockchain. The platform is the world’s second largest cryptocurrency.
And it’s called the Ethereum Community Fund or ECF. The collaboration has come between different platforms like Cosmos, Golem, Global Blockchain Labs, OmiseGo, Maker, Tendermint and Raiden. The involved parties are all working together now to help connect Ethereum Projects with relevant companies that would benefit from specific blockchain services they hold.
The platform will also work to support projects that are in the form of grant programs and are set to operate as a permanent financial endowment for special projects. Notably speaking, the fund also holds the incredible involvement of Vitalik Buterin, the founder and creator of Ethereum. He is also an advisor to several website and publication related to cryptocurrency.
“Ethereum has grown way beyond my expectations over the last few years, but the work is clearly not finished,” said Buterin in a statement he gave.
He also went on to say:
“Delivering value that matches the hype should also be the mantra of 2018. Efforts such as EF which help organize the development of the ecosystem are going to make that possible.”
Widely speaking, ECF is only one of the projects that recently sought after Ethereum’s blockchain for support to their ecosystem.
The Ethereum Foundation, a non-profit organization that manages the platform’s overall development, states that two subsidy programs in January – which in turn help to serve as an incentive for developers implementing there scaling fixes. Also, the Enterprise Ethereum Alliance provides resources to businesses that are looking to take on Ethereum and connect fortune 500 companies with new startups.
Those taking part in ECF have shown great levels of optimism for their project and are pushing others to join in to see how wide they can get the effort.
“One project isolation can create a prduct to disrupt an industry.” Said Jun Hasegawa, the creator of OmiseGO. He then added, “but by working together we can create a framework that will change the world.”