Vitalik Buterin, a 24-year old co-founder of the Ethereum blockchain platform, recently donated 3000 ETH to bring life to a few struggling blockchain projects.
According to a crypto news outlet Coindesk, Sigma Prime, ChainSafe Systems, and Prysmatic Labs are the projects that have benefited from Buterin’s donation of 3000 ETH.
These three startups are working together to support the growth of Ethereum. Sigma Prime is working on the Ethereum Lighthouse—an open source Ethereum 2.0 client. Prysmatic Labs is focusing on finding a solution for Ethereum’s scaling issue. And similar to Sigma Prime, ChainSafe is participating in building the platform’s 2.0 client.
The donation comes after certain developers took to Twitter to complain about lack of fiscal support. According to them, insufficient funds is derailing the platform’s development process.
The co-creator of Prysmatic Labs Preston Van Loon, said that what they have is “hardly enough to take the whole team full time with significant pay cuts and it’s certainly not even for us to scale the team to where we need it.”
“Just sent 1000 ETH. Yolo,” Vitalik responded to Van Loon’s tweet.
Vitalik Buterin changed his Twitter name to “Non-giver of Ether” due to Twitter impersonators.” Scammers who have been masquerading as him on Twitter have allegedly defrauded unsuspecting victims tens of thousands of dollars.
After sending his donations, the Russian-Canadian programmer told the beneficiaries that he “expects results.”
His latest move to support financially crippled but promising blockchain startups is proof that he is a selfless individual.
It is worth noting that these startups have received donations before. However, it seems the money was hardly sufficient. For example, according to Coindesk, Prysmatic Labs was awarded $100,000 earlier this year. Also, in October, the company received $500,000 from a well-wisher.
Ethereum’s native token ETH is currently trading at $110 and has a market cap of $11 billion, according to data from CoinMarketCap.
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