Ethereum • October 10, 2019, 4:15AM EDT

ConsenSys grants $175K to seven blockchain projects

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Ethereum development and venture studio ConsenSys has granted $175,000 to seven blockchain projects working on the ethereum network.

These include - Lighthouse, an ethereum software client; Tellor, a decentralized oracle network for open finance; and Alice, a decentralized app maker, among other open-source software projects, CoinDesk reported Thursday.

Yadira Blocker, head of experiential marketing at ConsenSys, said: “In Wave 1, we saw a lot of applications but they weren’t super strong. In Wave 2, we started to see more credible teams and more unique ideas come to the table.”

The third wave of ConsenSys grants is also open for applications since last month, with a remaining $220,000 left to give away. ConsenSys launched the grants program in February of this year, and so far has received over 150 applications, according to Blocker.