A Blockchain Charity Foundation in Liechtensteinby Company Announcement December 14, 2018
æternity, a Liechtenstein based blockchain platform has announced the launch of two foundations, in Liechtenstein and Bulgaria, that will provide grants and educational support to innovative blockchain projects.
The Bulgarian foundation will focus on supporting projects throughout the Balkans, while the Liechtenstein-based foundation will have an international focus. Welcoming applications from individuals, teams, and non-commercial projects, the foundations aim to boost the vibrant blockchain ecosystem by offering financial assistance to leading research and development efforts.
Based in Liechtenstein, the æternity Crypto Foundation will primarily focus on supporting research and development efforts in blockchain technology, cryptography, and mathematics. To this end, it will commence by providing grants up to one million CHF, paid in cryptocurrency, to innovative projects that are viewed as having significant potential to further explore and proliferate the benefits of blockchain. The Foundation also aims to further vitalize the overall blockchain ecosystem, lending resources to developing innovative ideas for decentralized applications, as well as promoting art and culture initiatives in the space. The grant program will expand on an ongoing basis in tandem with progress on the project’s core and applications development.
Peter Schnürer, æternity Crypto Foundation Board Member, a prominent figure in Liechtenstein blockchain space, and part of the expert group that architected the Liechtenstein Legal Blockchain Act, said:
“The Foundation will offer research support, the driving force behind advancements in the industry, as well as assisting smart, unconventional thinkers as they explore this technology and we encourage all blockchain innovators to submit an application. It will also help startups expand the potential of their creative work in a collaborative, dynamic environment. We are committed to driving blockchain innovation by supporting a broad spectrum of the blockchain ecosystem and look forward to a variety of applications from disruptive projects in the space.”
Meanwhile, the æternity Foundation Bulgaria will work to implement partnerships with universities and other educational institutions in Bulgaria and in the Balkan region. The Foundation will offer scholarships to provide blockchain enthusiasts the opportunity to secure a recognized qualification related to the technology and embark on a career in the space. This level of collaboration will educate professionals outside the technology sector about the benefits and potential of blockchain, thereby driving continued growth in the industry. In addition, the Foundation will encourage the growth of the local blockchain ecosystem by showcasing the work conducted in the Balkans region with the global community.