Ethereum Foundation Invests $32.65M in L2 Solutions & Education

The Ethereum Foundation has allocated a substantial $32.65 million to support the development of Layer 2 scaling solutions and educational programs worldwide. This funding initiative aims to enhance network efficiency and expand Ethereum’s global reach through community engagement and developer training. The foundation has committed resources to 37 projects, including prominent events like ETHPrague and the first Ethereum event in Ethiopia, demonstrating its dedication to accessibility for developers across the globe. A strategic focus on underserved regions is evident in initiatives like the Arabic Blockchain Developer Bootcamp. This investment reflects a long-term commitment to building a sustainable ecosystem while addressing financial concerns regarding Layer 2 revenue distribution.