$37 Million of Grants Were Distributed By the Organization «Tezos Foundation» To the Developers of the Ecosystem of Tezos

The fund managed assets with a total value of more than $652 million for 2019! However, the part of the money goes to grants. For example, Tezos gave the first grants to 3 Universities and one educational site in 2018. These educational Institutes are: University of Illinois at Urbana-Champaign (USA), Cornell University (USA), the University of Inland Beira (Portugal) and France-IOI educational site (France).

Other grants were given to the developers of the Ecosystem of Tezos for the second half and the sum was $37 million. These developers took part in the following categories:

  • Support of community;
  • Developments and researches
  • Creation of ecosystem projects.

In order to participate, it was necessary to go through a very complicated selection process, and after getting approval the teams were given determined tasks and goals. For example, research and development of smart contracts were given to many participants, but grants were finally achieved by Buidl Labs, Blockmatic, Kyoto University…; improvements in security, speed —by Nomadic Labs, DaiLambda and so on. 200 applications in total were submitted and only 78 teams were able to receive grants! Additional financial support was provided to communities that distributed educational materials.

$37 Million of Grants Were Distributed