COTI Launches Ecosystem Growth Fund to Accelerate Ethereum Privacy
Blockchain development firm COTI has announced the launch of an Ecosystem Growth Fund aimed at speeding up the development and adoption of COTI V2 while ensuring transaction confidentiality. The fund is currently valued at $25 million and includes an allocation of 400 million COTI tokens. It will provide support to developers interested in contributing to the growth of the COTI ecosystem by researching, developing, and building within COTI V2. Soda Labs, a leading player in cryptographic Multi-Party Computation (MPC), is the first project to receive funding. They will focus on expanding practical applications for garbling protocols to enhance privacy for COTI users.
COTI’s Strategic Move towards Ethereum Privacy
COTI has been planning to advance into a Layer-2 network that promotes Ethereum privacy for several months, and recently started releasing the upgrade. CEO Shahaf Bar-Geffen believes that the creation of the Ethereum privacy-centered fund is a significant step for the company, driving both the adoption of COTI V2 and the development of applications within the ecosystem. COTI aims to establish more partnerships in the future and plans to introduce a developer’s grant program to support the growth strategy of the COTI V2 ecosystem. This strategic move is expected to enhance Ethereum adoption and integration.
Hot Take: COTI Boosts Ethereum Privacy with Ecosystem Growth Fund
Israel-based blockchain firm COTI has launched an Ecosystem Growth Fund worth $25 million to accelerate Ethereum privacy. The fund will support developers working on research, development, and building within COTI V2, with Soda Labs being the first project to receive funding. By expanding practical applications for garbling protocols, Soda Labs aims to enhance privacy for COTI users. COTI’s CEO, Shahaf Bar-Geffen, believes this fund is a crucial step in driving adoption of COTI V2 and the ecosystem’s development. Additionally, COTI plans to establish more partnerships and introduce a developer’s grant program to foster the growth of the COTI V2 ecosystem, ultimately benefiting Ethereum adoption and integration.
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