The Ethereum Foundation, a nonprofit organization promoting the Ethereum blockchain ($ETH ), allocated $12.848 million in the third quarter of 2024 to strengthen and expand its ecosystem through a wide range of strategic projects. These investments reaffirm its commitment to improving the infrastructure, tools, and global reach of Ethereum.
According to their latest update, the Foundation supported initiatives such as the Blockchain Summer Bootcamp organized by the Africa Blockchain Institute and the BlockHack Hackathon organized by the Kerala Blockchain Academy in India. These efforts are aimed at educating and engaging communities in digital assets.
Key events supported in this quarter include Ethereum México 2024, ETHShanghai, ETH Pura Vida, Ethereum Hungary Meetups, and ERC55 Community Meetups. Another highlight was Ethereum for Everyone: Learn & Build, organized by blockchain software architect Danny Tomks.
The Foundation prioritized funding for tools such as Web3.js and OpenZeppelin account abstraction contracts. It also supported projects like the Lighthouse, Nimbus, and Grandine consensus clients. #2024withBinance
