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.