• These projects include Lighthouse, Tellor and Alice, among others.
  • Over 150 projects have applied for the ConsenSys grants program since its launch in February 2019.

As per CoinDesk, ConsenSys is giving away $175,000 in grants to seven Ethereum-based projects. These projects include Lighthouse, Tellor and Alice, among others. ConsenSys Head of Experiential Marketing, Yadira Blocker, said about the grant recipients: 

“In Wave 1, we saw a lot of applications but they weren’t super strong. In Wave 2, we started to see more credible teams and more unique ideas come to the table.”

Over 150 projects have applied for the ConsenSys grants program since its launch in February 2019. Of these, 15 have received up to $330,000 in funding. Since last month, the third wave of ConsenSys grants is also open for applications with $220,000 worth of funding up for grabs.

ConsenSys marketing director Daniela Osorio emphasized that the main aim of the grants program is to support the less glamorous areas of development that may not be profitable but are still critical to the functioning of the Ethereum ecosystem.

Osorio said:

“The way we find really great projects is we talk to VCs and we ask, “What are some great teams you’ve come across that you can’t actually justify funding?”

It comes down to this theory of the tragedy of the commons. We all need certain pieces to work for everyone else to build something potentially more profitable on top.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Cash price analysis: BCH/USD inching closer to flag pattern breakout

Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. 

More Bitcoin Cash News

Ethereum market update: ETH/USD locked in a range after the recent sell-off

ETH has been moving in a tight range after a strong sell-off from the recent high of $197.00. The second-largest con with the current market value of $19.8 billion has recovered from October 12 low of $177.22 to trade at $183.50 at the time of writing, however, the upside momentum is weak. 

More Ethereum News

TRON price analysis: TRX/USD may retest the recent high

At the time of writing, TRX/USD is changing hands at $0.0166. The coin has gained over 4.5% in seven 24 days, and the upside momentum is still strong. Currently, TRON takes 11th place in the global cryptocurrency market rating with a market value of $1.1 billion and an average daily trading value of $638 million.

More Tron News

EOS mainnet used in tokenizing Deutsche Bank bond

The Deutsche Bank dBonds team has successfully tokenized the bank’s bond on EOS mainnet. The tokenization took place in collaboration with Queen Street Finance, an authorized UK-based custodian. Queen Street Finance already has a stablecoin digital asset DUSD that runs on EOS protocol.

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast

BTC

ETH

XRP