The Ethereum Community Fund (ECF for short) is a non-profit organization. The initial idea is to give bonuses to community projects to support early incubation projects and support research. Then in 218, it was established in Tokyo by OmiseGO, Golem, Status, MakerDAO, Web3(polkadot), Cosmos and EF (Ethereum Fund) as consultants.
ECF 2. is an upgrade of ECF, with two core objectives:
to coordinate community relations through various harmonious ways, such as bonuses, strategic and business support and community activities.
To become an open fund network, ECF emphasizes its original vision, which is to form a network with all kinds of funds, * * * and realize the support and contribution to the community.
in addition, the upgrade of ECF 2. will not only support non-profit infrastructure projects, educational programs and industrial community activities, but also support the development of applications and tools, and even commercial projects.
If you don¡¯t understand, you will suffer a big loss