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Ethereum’s Vitalik Finally Gives Away ETH, Developer Plans to Drop out of University to Focus full time on Ethereum

blockmanity.com 19 December 2018 14:37, UTC
Reading time: ~2 m

Vitalik (Non-giver of Ether) is finally giving away ETH on Twitter. Unlike all the fake giveaways by scammers, this time it is real.

The genius creator of Ethereum has donated 3000 ETH worth over $300,000 to developers to focus on scaling solutions for Ethereum 2.0. He donated 1,000 ETH grants to three projects: Prysmatic Labs, ChainSafe Systems and Sigma Prime.

Prysmatic Labs is working on the sharding client for Ethereum 2.0 whereas Sigma Prime is working on an Ethereum 2.0 client named Lighthouse. Chainsafe systems are also focused on the research and development for Ethereum 2.0.

The conversation began when Ryan Sean Adams tweeted about a statement from Fred Wilson – co-founder of Union Square Ventures who criticized Ethereum for its lack of proper leadership and the supposed lack of progression in scaling solutions.

Preston from Prysmatic labs who also works for Google as a software engineer jumped to the Twitter thread to explain that due to a lack of funding his team is not able to focus full time on Ethereum research and development.

To which Vitalik Replied:

Just sent 1000 eth. Yolo.https://t.co/s1q8K5Wlhs

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

Paul Hauner co-founder of Sigma Prime was next to receive a 1000 ETH grant from Vitalik. Paul assured, “We can certainly turn 1k ETH into more developers! “.

Developer Plans Drops out of University to Focus on Crypto

The third grant went to Chain Safe whose project lead Mikerah tweeted “I will quite literally drop out if we got $100k in ETH.”

Mikerah Quintyne Collins, who is a project lead at Chain Safe is planning to drop out from University (University of Toronto) after receiving the grant from Vitalik to work full time on Ethereum 2.0. Collins told Blockmanity that there is an 80% chance that she will drop out of University.

He sent 1000ETH.https://t.co/RsFt6hrKBY
It's official. I'm dropping out of @UofT to save crypto. https://t.co/gGsClNmF0P

— Mikerah (@badcryptobitch) December 19, 2018

Blockmanity’s Take

The drop in the price of Ethereum has not been easy on many projects, many companies like Consensys, Spankchain, and Steemit have laid off many of its employees. Despite the price collapse, the developer interest in Blockchain has been increasing consistently with a lot of smart people from reputed companies quitting their jobs to go full time on Crypto.

This shows that the prices do not necessarily reflect the fundamentals of the technology which is stronger than ever.

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