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Eigen Foundation pledges 1% of EIGEN token equaling $8M to support Ethereum development

  • The Eigen Foundation has committed 1% of its EIGEN token supply to the Protocol Guild, a group dedicated to Ethereum Layer-1 research and development.
  • The pledge is worth approximately $8 million based on the current price of $5 per token.
  • The Protocol Guild supports Ethereum development by funding projects and contributors in areas such as client development, research, specifications, testing, and coordination.
  • The Protocol Guild has already received approximately $95 million in donations, nearing the $100 million mark.

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