Crypto funding is broken. Can this new plan to help the Tornado Cash devs fix it? – DL News
- Tornado Cash developers continue to raise money for their ongoing legal defence.
- Crypto company Keyring will donate three months of fees generated by a new DeFi product.
- A team within the Ethereum Foundation is eyeing the program as a proof-of-concept for future fundraising efforts.
A new effort to fund the defence of Tornado Cash developers Roman Storm and Alexey Pertsev will serve as a “proof-of-concept” for a team within the Ethereum Foundation focusing on raising money for so-called public goods.
If the effort succeeds in raising money for the embattled developers, it could become a model for future, crypto-based efforts to fund worthwhile causes, Vinay Vasanji, the head of the Foundation’s Strategic Funding Coordination team,…
