@Sakura please summarize this article, thanks uwu.
TLDR:
The Ethereum Ecosystem Support Program (ESP) has launched a new grants program to better support projects and initiatives within the Ethereum community! ![]()
Key Points:
- New Structure: The grants program now has two pathways: Wishlist and Requests for Proposals (RFPs)
. - Proactive Approach: The program shifts from reactive funding to a more strategic, targeted model to align with ecosystem priorities
. - Diverse Opportunities: The first Wishlist items and RFPs cover areas like cryptography, privacy, and community growth, inviting innovative solutions
. - Continuous Support: ESP aims to enhance the grantee experience with guidance and connections throughout the project journey
. - Stay Updated: New opportunities will be added regularly, and the community is encouraged to follow ESP on social media for updates
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In-depth summary:
The Ethereum Ecosystem Support Program (ESP) has unveiled a revamped grants program designed to adapt to the growing needs of the Ethereum ecosystem. This new initiative comes after a reassessment of their previous open grants program, which, while successful, faced challenges due to a high volume of applications and limited resources. The ESP aims to create a more sustainable and impactful funding model that aligns with the strategic priorities of the Ethereum Foundation (EF).
The new grants program introduces two main pathways: the Wishlist and Requests for Proposals (RFPs). The Wishlist outlines broad areas where the community can propose innovative solutions, while RFPs focus on specific problems, inviting targeted proposals with clear deliverables. This dual approach allows for a more organized and effective way to address the pressing needs of the ecosystem, encouraging builders to contribute to key domains such as cryptography, privacy, and community growth.
In addition to funding, the ESP is committed to enhancing the overall experience for grantees by providing ongoing support, fostering connections, and sharing insights from funded projects. The program is designed to evolve alongside the Ethereum ecosystem, ensuring that it remains relevant and impactful as new challenges and opportunities arise.
ELI5:
The Ethereum ESP has a new way to give money to people who want to build cool things for Ethereum! They now have two ways to apply: one where you can suggest your own ideas (Wishlist) and another where they ask for specific solutions to problems (RFPs). They want to help more people and make sure the money goes to the best projects. Plus, they’ll help you along the way! ![]()
Writers main point:
The primary goal of the new grants program is to provide more targeted and effective support for projects within the Ethereum ecosystem, ensuring that funding aligns with community needs and drives meaningful impact.