Ethereum-based mobile operating system, Status has announced that it has joined the Ethereum Community Fund (ECF) as a founding member.
Status.im, which is considered a new kind of tool, for a new kind of Internet, gives users the ability to chat, transact, and access a revolutionary world of dApps on the decentralised web. Established earlier this year, the aim of the ECF is to provide both ‘funding and connectivity while shaping the strategic direction of the space towards mainstream adoption through the development of infrastructure and compelling end-user applications,’ according to its website.[1]
The other founding project members with the ECF include Cosmos, Omisego, Golem, Web3, Global Brain, and Maker.[2][3][4][5][6][7]
According to the ECF, blockchain, crypto assets, and decentralised applications are expected to see substantial growth over the coming years. Yet, mainstream adoption remains at a low level while public infrastructure to support billions of users is still at R&D status.
For the ECF, the first step toward supporting the growth of the Ethereum ecosystem is through its Infrastructure Grant program. This will be established as a permanent financial endowment to support and aid projects in building important open source infrastructure, tooling, and applications. This is something Status believes in for the future of decentralisation.
The ECF has been conducting research with the aim of mapping out complimentary, platform-specific grant programs, including Status Projects, which are dedicated to the advancement of a larger Web3 decentralised ecosystem. Initiatives under the Status Projects include the Status Incubate, announced in April. It aims to provide early-stage blockchain-based startups with funding, talent, and expertise to reinvent the Web.[8]
Others include the Status Open Bounty, a bounty platform
