Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » COVID-19 and ETH 2.0 Projects Targeted in Gitcoin Funding Round

COVID-19 and ETH 2.0 Projects Targeted in Gitcoin Funding Round

by

In the latest Gitcoin funding round, the Ethereum community will be pitching in to support efforts around coronavirus, Ethereum 2.0, and crypto education.

Coinbase wallet for Ethereum could be a precursor to ERC20 integration for crypto tokens

Share this article

Gitcoin, a community funding platform in Ethereum, is launching its 5th fund matching round with the help of Vitalik Buterin and others. ETH 2.0 and COVID-19 research projects are leading the charge.

Public Good Funding on Ethereum

Gitcoin has been helping to bridge the gap between capital and developers. Now, it’s widening this bridge to include health crises.

The latest funding round has included a “public health funding” section to Gitcoin in a bid to fund welfare and research for COVID-19. Other prominent sections include ETH 2.0 developments and media efforts. 

Of the total $250,000 of matched funding, $100,000 is set for technology and public health. Another $50,000 is earmarked for media.

Vitalik Buterin has contributed $90,000 to the technology funding round and $50,000 to public health. The remainder of matched funds will come from 0xEffalt, a prominent Ethereum developer, and Gitcoin. 

The scheduled launch for ETH 2.0 is less than five months away, and the necessary infrastructure has been primarily funded by grants from the Ethereum Foundation and ConsenSys. 

However, Gitcoin has opened up community funding for those who want to help build a stronger Ethereum and DeFi. 

Lighthouse and Sigma Prime, clients for ETH 2.0, have seen immense success on Gitcoin’s quadratic funding rounds with 42,600 DAI and 38,660 DAI raised respectively. 

With the addition of public health, Gitcoin is opening into a broader movement that would see capital flow to those in need, not just open-source crypto projects. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.