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Ethereum Foundation Launches Fundraising Efforts for Infrastructure Development

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On February 28, the Ethereum Foundation announced that it would launch a new round of funding from February 27 to March 31, 2023, to encourage development, res…

Ethereum Foundation Launches Fundraising Efforts for Infrastructure Development

On February 28, the Ethereum Foundation announced that it would launch a new round of funding from February 27 to March 31, 2023, to encourage development, research and education around account abstraction and the necessary infrastructure to support it, including webauthn transaction verification, account abstraction block browser, bundler, p2p messaging, sequencer RPC, etc.

The Ethereum Foundation launched project support activities related to account abstraction, and the deadline is March 31

Analysis based on this information:


The Ethereum Foundation has announced a new round of funding that will run from February 27 to March 31, 2023. The aim of the fundraising is to encourage development, research, and education related to account abstraction and the necessary infrastructure to support it. The account abstraction technology helps users to manage multiple accounts with ease and enables smart contracts to pay for gas fees on behalf of users.

The development of the infrastructure that supports account abstraction is crucial for the success of Ethereum as it enables seamless user experience, improves scalability and reduces gas costs. The Ethereum Foundation has identified a range of essential infrastructure components that need to be developed or refined, including webauthn transaction verification, account abstraction block browser, bundler, p2p messaging, sequencer RPC, etc.

Webauthn transaction verification helps to bolster the security of user accounts by requiring them to authenticate transactions using their biometric or hardware security keys, thus reducing the risk of hacks and fraud. Additionally, the account abstraction block browser provides users with a better view of their account balances and activity across multiple accounts on a single dashboard.

The bundler is an essential infrastructure component that enables users to bundle multiple transactions and execute them in a single interaction with the network, thus reducing gas costs. This technology is particularly important for decentralized applications (DApps) that involve multiple micropayments. The sequencer RPC and p2p messaging infrastructure components are critical for ensuring smooth and secure communication among nodes in the Ethereum network, thus enhancing scalability and network efficiency.

In conclusion, the launch of the fundraising initiative by the Ethereum Foundation underscores the importance of infrastructure development for the continued growth and success of the Ethereum blockchain. The development of account abstraction technology and its supporting infrastructure components will improve user experience, scalability, and network efficiency while reducing gas costs. This fundraising initiative will help to accelerate the development of critical infrastructure components that are needed to support the long-term viability of Ethereum.

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