Faced with application influx, Ethereum Foundation pauses open grant submissions

After awarding millions of dollars, the Ethereum Foundation is overhauling its Ecosystem Support Program, shifting from open applications to a curated model.

After funding hundreds of projects with millions of dollars, the Ethereum Foundation is temporarily pausing the Ecosystem Support Program’s (ESP) open grant application process to refocus on a more proactive funding model that is better aligned with the ecosystem’s strategic needs.

The transition comes as the foundation faces challenges reviewing the high volume of inbound applications, which it said has left “limited capacity to pursue new strategic opportunities.” 

In a Friday blog post, the Ethereum Foundation stressed that the ESP will continue funding new projects, but under a refined approach to grantmaking. More details are expected in the fourth quarter, including a curated methodology outlining specific ecosystem priorities.

Read more