The co-founder of Ethereum Vitalik Buterin has donated $300,000 in crypto to three blockchain startups — Prysmatic Labs, ChainSafe Systems, and Sigma Prime.
In this way, Buterin supported the developers of the updated version of the Ethereum 2.0 ecosystem. Sigma Prime is developing a client for Ethereum 2.0 called Lighthouse, Prysmatic Labs is working on network scalability, and ChainSafe is also developing a client for Ethereum 2.0.
The move came in response to a twitter thread in which prominent members of the Ethereum community discussed ways in which the technology might be improved, with some citing inadequate funding as a reason for slow development.
Buterin learned about startup problems from a Twitter where Preston Van Loon, co-founder of Prysmatic Labs, complained that even with recent grants, “it’s 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 [you only live once],” Buterin replied to that.
Prysmatic Labs and Sigma Prime have previously received donations from Ethereum Foundation. Prysmatic Labs received $500,000 in October and $100,000 in March, and Sigma Prime was granted $150,000 in October.