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Eigen Foundation pledges 1% of EIGEN token equaling $8M to support Ethereum development

Eigen Foundation's Pledge Overview

The Eigen Foundation has pledged 1% of its total EIGEN token supply, amounting to approximately $8 million, to support the development of Ethereum. This initiative aims to reinforce Ethereum's decentralized infrastructure and is facilitated through the Protocol Guild, a group dedicated to funding the core development efforts of Ethereum. Intended Use of Funds

The pledged funds will be utilized for enhancing Ethereum's infrastructure, necessary for its scalability and sustainability in the evolving blockchain landscape. The Protocol Guild, which consists of over 180 members, will benefit directly as it focuses on various aspects of Ethereum's development including client development, research, and testing. Show Less

https://cryptoslate.com/eigen-foundation-pledges-1-of-eigen-token-8m-to-support-ethereum-development/
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