Ethereum [ETH] Foundation: Grants to projects do not mean “stamp of approval”

Ethereum [ETH] Foundation: Grants to projects do not mean “stamp of approval”

The Ethereum Foundation [EF] recently published a blog where it discussed the scope of the Grants program for the community. This is to distribute the power equally across the Ethereum ecosystem. Therefore, the foundation gives grants to the projects that will possibly have a deep impact on the Ethereum ecosystem over a long time-frame.

In the blog, EF also mentioned the scope of these grants, namely, open-source, funding that will only be implemented for the future work on the project, avoiding favoritism and inclination towards one project and more. It also stated that the Foundation will avoid giving grants to projects on the application layer level. However, EF instructed these projects to apply when working on the application layer and building open-source tools for a wider audience in the ecosystem.

Another point added by the Foundation was that it does not provide a “stamp of approval” to a project as they do not want to act as an endorsement of one project over another. In the words of the blog:

“Avoid giving an Ethereum Foundation ‘stamp of approval’. EF Grants are not intended to be an endorsement of a particular project over others.”

In the month of August, the Ethereum Foundation published an update on the Grants program, where it wrote that the Foundation is dedicated to doling out a total of $11 million across 52 projects building on the blockchain. However, many of the users pointed out that the organization requires an increased transparency in its operations.

enesimo, a Redditor asked a valuable question on EF’s statement regarding the avoidance of grants at the application layer. The user said:

“This is totally understandable given the context.
So, what are the options for application level grants?
Has anyone made a comprehensive list for projects to look for early stage funding through grants ?”

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