Vitalik Buterin Donates $300K In Crypto to Three Ethereum 2.0 Startups

[fitload]

Ethereum‘s Vitalik Buterin has given about 1,000 ETH tokens each as a sponsor to three separate startups, that are working on the Ethereum ecosystem.

The three lucky startups are Prysmatic Labs, Sigma Prime, and ChainSafe Systems.

The first project to receive a donation from the co-founder of Ethereum was Prysmatic Labs, one of the teams working towards scaling Ethereum.

Buterin donated over 1,000 ETH to the project after co-founder Preston Van Loon stated that they were unable to completely focus on scaling towards Ethereum as the team members were still working full-time at other jobs.

According to Preston Van Loon, the employees cannot devote as much time to Ethereum scalability as they would like because they have to be employed full-time elsewhere. Vitalik Buterin responded by donating 1,000 ETH (about $109,000 at the moment) to the startup through a tweet.

Prysmatic Labs, Sigma Prime, and ChainSafe Systems were gifted the tokens by Buterin as a “contribution to the push the development of Ethereum 2.0”.


Ironically enough, Buterin’s Twitter handle is “Non-Giver of Ether” which he implemented to help...

Read More: https://bitzamp.com/vitalik-buterin-donates-300k-in-crypto-to-three-ethereum-2-0-startups/

[MVT$]

Obviously, the "non-giver of eth" was to drive away imposters and prevent them from scamming innocent followers.

The $300K donation was a good gesture. He must have been impressed by the concept and the teams.

[ZionRTZ]

Not a bad thing to do. It's hard to focus on one thing and do another thing. Well done Vitalik! I hope nobody abuses his generosity.

[Hadley]

I think he made a smart move here because those start up are base on his blockchain and it will help to spread the ETH blockchain widely, so that more and more people will know about crypto too

[Richa99]

I think that is very good by contributing ethereum, and I hope that by that way the bus will help the projects they need, because I think this is really needed.