The engine which funds and connects the growth of Ethereum infrastructure – Ethereum Community Fund [EFC] which has come true by fusing various Ethereum-based projects, will be joined and advised by Vitalik Buterin, Ayako Miyaguchi – Ethereum Foundation executive director and Vansa Chatikavanij – OmiseGo managing director. [based on an announcement on Medium]
The beginning basis of the EFC is the Infrastructure Grant program, which the website describes as a:
“Permanent financial endowment to support and aid projects in building crucial open-source infrastructure, tooling, and applications.”
Jun Hasegawa tweeted at the participating members of the fund yesterday in celebration:
This gathering project is not the first one of its kind, as The Enterprise Ethereum Alliance [a global initiative] has launched back in Feb 2017 as the largest open-source blockchain initiative in a global scale.
Giants like JPMorgan, Santander, Mastercard, Intel and 200 more organizations have partnered up on the project. The target is to deliver scalability, privacy and security towards development the Ethereum blockchain and Ether.