Projects funded must be integral to the Ethereum ecosystem but not necessarily profitable. The $175,000 goes towards funding teams with unique ideas. The Venture studio of Ethereum ConsenSy ConsenSy has announced a $175,000 grant to several open-source projects within the Ethereum network. According to the announcement, Lighthouse a forward-looking software client, Tellor an off-chain data running on the Oracle network and Allice, a decentralized mobile app building platform among others will benefit from the grant. A comment by ConsenSy Head of Experiential Marketing Yadira Blocker said: “In Wave 1, we saw a lot of applications but they weren’t super strong. In Wave 2, we started to see more credible teams and more unique ideas come to the table.” ConsenSys was started to fund and support under-resourced areas within the development space. The programs funded must demonstrate their integral contribution to the Ethereum ecosystem. However, they do not really have to be profitable. The Marketing Director of ConsenSys Daniela Osorio said: “The way we find really great projects is we talk to VCs and we ask, ‘What are some great teams you’ve come across that you can’t actually justify funding?” Osorio adds: “It comes down to this theory of the ‘tragedy of the commons.’ We all need certain pieces to work for everyone else to build something potentially more profitable on top.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Ethereum Classic (ETC) announces new partnerships, ETC/USD gains 7% FX Street 3 years Projects funded must be integral to the Ethereum ecosystem but not necessarily profitable. The $175,000 goes towards funding teams with unique ideas. The Venture studio of Ethereum ConsenSy ConsenSy has announced a $175,000 grant to several open-source projects within the Ethereum network. According to the announcement, Lighthouse a forward-looking software client, Tellor an off-chain data running on the Oracle network and Allice, a decentralized mobile app building platform among others will benefit from the grant. A comment by ConsenSy Head of Experiential Marketing Yadira Blocker said: "In Wave 1, we saw a lot of applications but they weren't super strong.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.