Notable actors of the Ethereum join forces to create a fund for projects relying on the second largest blockchain in the world.

Called Ethereum Community Fund (ECF), this effort is the result of a collaboration between Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint, with concerned parties agreeing to work to link projects Ethereal with companies that could benefit from the blockchain services that they offer.

He will also support projects in the form of a grant program that will function as a "permanent financial endowment" for selected projects, according to a statement.

Perhaps most notable, however, the fund claims the involvement of ethereum creator Vitalik Buterin, who has confirmed that he is an adviser in an email to CoinDesk ..

"Ethereum has grown beyond my expectations in recent years, but the work is clearly not over," Buterin said in a statement.

He continued:

"The value that corresponds to the hype should be the 2018 mantra. Efforts such as the ECF that help to organize the development of the ecosystem will help make this possible."

More generally, the ECF is not the only project of the time to seek to strengthen the ether blockchain and its ecosystem.

The Ethereum Foundation, the non-profit organization that oversees the development of the platform, announced in January two grant programs that will encourage developers to implement e-commerce solutions. ;ladder. Similarly, the Enterprise Ethereum Alliance provides resources to companies wishing to adopt Ethereum and connects Fortune 500 companies to startups.

As such, those involved in ECF expressed optimism that their project would encourage others to join what they see as a broader effort.

"An isolated project can create a product that can disrupt an industry," said Jun Hasegawa, founder of OmiseGO, "but by working together, we can create a framework that will change the world."

Ethereum image via Shutterstock

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