The Ethereum Foundation just revealed big changes to its grant program. It moves from an open setup to one that picks specific goals. This shift helps key projects in the crypto world. It might also affect ETH's price and how people use Ethereum.
The Ethereum Foundation's leader shares details on the new grant setup.
Quick summary
The Ethereum Foundation drops its open grants for a focused style. Ethereum builders get a straightforward path with better backing. This change in funding could speed up ETH's use in crypto.
Ethereum shifts from open grants to targeted ones...
Since 2018, the Ethereum Foundation has backed hundreds of projects. These efforts helped the crypto space grow. Lately, it gave out 1,000 ETH for good causes. But with more applications coming in, funds got stretched thin. This made it hard to chase big chances. The fix? Switch to a picky system that mixes a wishlist and calls for proposals, or RFPs.
The wishlist spots top needs like crypto tools, safety, and group building. It lets builders use their ideas freely. RFPs aim at exact issues with set tasks and due dates. This mix sparks new ideas and fixes real problems. It also makes money use smarter.
This smart move fits Ethereum's main goals. It shows the network growing up. That's key for a system that keeps changing.
Ethereum grants: how does this hit builders?
Builders now see what the Ethereum Foundation wants clearly. The wishlist and RFPs set a solid guide. This helps match projects to crypto needs. Office hours and custom tips add more help. They build a space where new ideas thrive.
Still, the switch brings hurdles. Builders must fight for RFP spots, which get tough. Ideas outside main themes might miss out on cash. For the whole system, this focus means better use of funds. It speeds up fixes for things like scaling and safety.
In the end, this plan could make Ethereum tougher. It draws skilled people and projects that fit the big picture. That helps everyone in crypto.
Could this lift ETH's price?
The update to the Ethereum Foundation's grants goes beyond inside tweaks. It may touch ETH's worth directly. ETH powers the network. By picking smart projects, like app layers or safety boosts, the Foundation makes Ethereum more useful and appealing.
Tech changes show this in action. Take the Fusaka upgrade set for December 2025. It will boost how the network runs. That raises need for ETH in payments and staking. Smarter funding choices calm investors too. It pulls in fresh money.
Past big Ethereum changes often led to ETH price jumps. If this plan works, it adds firm ground for the coin. That keeps Ethereum on top in blockchains.
The Ethereum Foundation's grant changes signal a key shift for crypto. Funding tied to clear goals will speed up new work. It builds ETH's strength. Time will tell if it handles what's next. What do you think—will this plan keep Ethereum growing strong?