In a significant development, Chainlink announced that it would be supporting the development of Ethereum infrastructure projects thru its participation in Gitcoin Grants Round 8.
Chainlink claims to solve many of the problems that Ethereum‘s platform had struggled with in the past. The two protocols have been pitted against each other by their respective followers. But as one member of the community points out, it may change as Chainlink’s support of Ethereum development is a sign that its time such a debate is put to an end.
A statement released by Chainlink said,
“We remain committed to the continued growth of the Ethereum ecosystem, which is why we are taking part in Gitcoin Grants Round 8 as a matching partner to fund community-selected projects focused on improving Ethereum’s infrastructure.”
Even further, Chainlink described its support for Ethereum‘s top infrastructure projects as a step closer to the collective vision of Ethereum as a public good, one that is openly accessible and able to reinforce more advanced smart contract applications. The project also revealed that it would donate more funds to Gitcoin Grants Round 8 to counterpart individual donor contributions given to the popular projects.
The open-source development of Ethereum’s infrastructure is essential to the growth and sustainability of the Ethereum ecosystem. Gitcoin’s quadratic funding model is also considered a fair mechanism to ascertain that everyone in the Ethereum community has a voice respecting the funded projects, regardless of the amount of capital given by donors.
Recently, over 49,000 DAI and 1821 contributors are connected with Gitcoin Grants Round 8 + Dev Fund.
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