grants

The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations.

Summary

Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap.
The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations.
EF also announced the conversion of 10,000 ETH into stablecoins for the same reasons in early September.

The Ethereum Foundation revealed this via a post on X, noting that it will convert the 1,000 Ether into stablecoins.

As has happened before, the foundation, a non-profit that supports the Ethereum protocol’s development, plans to use these funds to bolster the network via research and development as well as issuing grants and donations.

The sale comes as the price of Ethereum (ETH) edges towards a new all-time high following an intraday spike to near $4,600 on Oct. 3.

In its announcement, the Ethereum Foundation said the sale will involve the conversion of the 1,000 ETH to stablecoins, with this completed via CoWSwap. It will leverage CoW Protocol’s TWAP feature, aimed at minimizing the potential impact of the sale on market prices. EF says the move is part of the broader goal to highlight the power of decentralized finance.

At current ETH price of $4,517, the sale would be valued at around $4.51 million.

EF planned to sell 10,000 ETH

In September, the Ethereum Foundation announced a sale of 10,000 ETH, at the time valued at around $43 million. The latest announcement aligns with that move, with the non-profit saying it would convert the Ether into stablecoins “over several weeks.”

At the time, EF said the planned sale would be in small chunks or orders.

The foundation has been one of the most aggressive ETH sellers as the top altcoin withered under pressure in 2024. However, it has justified its actions amid several notable ecosystem support programs. Recently, it paused all open grant applications, citing a reorganization of its process amid a fresh approach and strategy.

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BAFTA has awarded over $375,000 (£277,000) in grants to 86 “emerging creatives” in the UK and North America.

In a celebratory breakfast attended by actor and director Peter Capaldi, BAFTA says the increased number of bursaries this year will help the next generation of filmmakers, game designers, actors, producers, editors, and more who face “financial barriers to breakthrough and progress in their careers.”

BAFTA has also named its next selection of UK Scholars who will each receive up to around $16,000 (£12,000) in funding towards tuition fees or living costs in addition to mentoring and free access to BAFTA’s year-round events.

U.S. applicants receive packages worth up to $60,000 to support study at leading institutions, including Duke, UCLA, USC, NYU and the American film Institute, as well as mentoring and career support.

Awards for creatives working in the UK’s video game sector include game producers Aidan Sealy and Matthew Stevens. Several artists, illustrators, animators, and sound professionals were also included, while Frances Acton received a scholarship to study BA Computer Arts in Abertay University as a BAFTA Reuben Scholar.

Jane Millichip, CEO of BAFTA, said: “Opening doors for the next generation of storytellers is at the heart of BAFTA’s mission. Our bursaries and scholarships remove the practical and financial barriers that too often stand in the way of talented people starting out in film, games, and television. From driving lessons to specialist equipment and tuition fees, this support can make the difference between someone having to step back from their ambitions or moving forward with confidence.

I’m immensely proud of the impact these programmes have had to date, and deeply grateful to the many patrons who continue to champion the creatives of tomorrow.”

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Ethereum Foundation to sell 1000 ETH to fund R&D and grants

EF planned to sell 10,000 ETH

BAFTA shares $375,000 in grants to “86 talented creatives” to launch their careers in the UK and U.S.