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Three Startups Receive 1000 Ethers From Vitalik Buterin

16:23 20/12/2018

Vitalik Buterin, founder of Ethereum, allocated 1000 ethers (about $100,000) for the development of three blockchain startups, CoinDesk reports, referring to posts on Twitter.


All companies are working on the development stage of the Ethereum 2.0 ecosystem, the transition to which Buterin announced at the Prague conference. Sigma Prime and ChainSafe are developing system client, Prysmatic Labs improves scalability.

Startups executives discussed on Twitter how to improve technology and talked about the challenges they face. They mainly concerned the lack of funding. For instance, Preston Van Loon, Google’s specialist and head of Prysmatic Labs, stated that he was not able to provide his team with the necessary wages even after receiving grants. Ethereum founder replied “you only live once” and sent a donation.


Paul Hauner, co-founder of Sigma Prime, wrote that his startup was trying to get two grants but failed, and 1000 ethers would help attract new specialists. It didn't take Buterin a lot of time to send this amount to Paul Hauner.

The last one thousand ethers was sent to the ChainSafe team from Canada, whose head simply stated that he would “drop out” if he sees $100,000 on the account. After sending money, Vitalik Buterin humorously stressed that he would be waiting for results.


Despite the fact that Buterin positions himself as a “Non-giver of Ether” in his twitter account out of concern for crypto scammers, he supports startups working in the Ethereum ecosystem from time to time.

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