Ethereum Foundation’s EcoDev Research Team Opens Applications for Six-Month Guest Researcher Fellowship

In a significant opportunity for innovators in the blockchain space, the Ethereum Foundation’s EcoDev Research Team has announced the opening of applications for five six-month research fellowships. This initiative is designed to empower researchers, developers, and professionals to delve into underexplored use cases of the Ethereum network, aiming to identify both development blockers and enablers that can drive the platform’s evolution and adoption.

Introduction to the EcoDev Research Fellowship

The EcoDev Research Fellowship program is a cornerstone of the Ethereum Foundation’s commitment to fostering innovation and addressing the challenges faced by the Ethereum ecosystem. By providing dedicated resources and support, the fellowship seeks to uncover novel applications of Ethereum technology, enhance its scalability, and promote sustainable development practices within the network.

Fellowship Details

• Number of Fellowships: Five
• Duration: Six months
• Purpose: To explore underexplored Ethereum use cases, identifying development blockers and enablers that can facilitate the growth and efficiency of the network.

Eligibility Criteria

The fellowship is open to a diverse pool of candidates, including:

• Researchers: Individuals with a strong background in blockchain technology, cryptography, or related fields.
• Developers: Programmers and software engineers with experience in Ethereum development and smart contract programming.
• Professionals: Experts from various disciplines who can contribute unique perspectives and interdisciplinary approaches to Ethereum’s development.

Application Process

Prospective candidates are encouraged to apply by submitting the following materials by November 15, 2024:

1. Resume/CV: Detailing relevant experience and qualifications.
2. One-Page Proposal: Outlining the proposed research topic, objectives, and how it aligns with the goals of the EcoDev Research Team.

Applications can be submitted through the official Ethereum Foundation website under the EcoDev Research Team’s fellowship section.

Benefits of the Fellowship

Selected fellows will receive a comprehensive support package, including:

• Monthly Stipend: Financial support to cover living and research expenses during the fellowship period.
• Weekly Team Check-Ins: Regular meetings with the EcoDev Research Team to provide guidance, feedback, and collaborative opportunities.
• Monthly Updates: Progress reports to track research developments and milestones.
• Final Report: A detailed summary of findings and recommendations at the end of the fellowship, contributing to the broader Ethereum community’s knowledge base.

Impact and Future Prospects

The EcoDev Research Fellowship is poised to make a substantial impact on the Ethereum ecosystem by:

• Identifying Critical Challenges: Uncovering key obstacles that hinder Ethereum’s scalability and usability.
• Promoting Innovative Solutions: Developing and testing new applications and enhancements that can drive Ethereum’s adoption across various industries.
• Fostering Collaboration: Encouraging interdisciplinary research and partnerships that can lead to groundbreaking advancements in blockchain technology.

Conclusion

The Ethereum Foundation’s EcoDev Research Team invites passionate and talented individuals to apply for the EcoDev Research Fellowship. By supporting cutting-edge research and fostering a collaborative environment, the fellowship aims to propel Ethereum’s development forward, ensuring its position as a leading platform in the decentralized ecosystem. Eligible candidates are encouraged to seize this opportunity to contribute to the future of blockchain technology and drive meaningful change within the Ethereum network.

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Price of NEIRO on Ethereum Rises 50%, with Three Market Makers Holding 60.23M Tokens

In a notable development within the cryptocurrency market, the price of Neiro (NEIRO) on the Ethereum blockchain surged by approximately 50% on October 11, 2024, as reported by the on-chain data monitoring platform Lookonchain via X (formerly Twitter). This significant price increase has drawn attention to the role of major market makers who currently hold a substantial portion of NEIRO tokens, totaling 60.23 million.

Overview of NEIRO Price Surge

The dramatic 50% price surge of NEIRO on Ethereum marks a pivotal moment for the token and its community. Such a substantial increase in a short period highlights both the volatility and the potential for significant returns within the cryptocurrency market. Market participants are keenly observing the factors contributing to this rise, including trading volumes, market sentiment, and the strategic actions of key market makers.

Key Market Makers Holding NEIRO

The current NEIRO market is influenced heavily by three active market makers, whose holdings collectively amount to 60.23 million NEIRO. These market makers play a crucial role in maintaining liquidity, stabilizing prices, and facilitating large transactions within the NEIRO market. The breakdown of their holdings is as follows:

1. Wintermute:
   • Holding: 42.63 million NEIRO
   • Value: Approximately $3.27 million
   • Role: Wintermute is a prominent market maker known for providing liquidity across various cryptocurrency exchanges. Their substantial holding in NEIRO underscores their significant influence on the token’s price movements and market stability.
2. GSR Markets:
   • Holding: 15 million NEIRO
   • Value: Approximately $1 million
   • Recent Activity: GSR Markets withdrew 15 million NEIRO from Bybit three days prior to the price surge, indicating a strategic move that may have contributed to the increased demand and subsequent price rise.
3. Auros Global:
   • Holding: 2.6 million NEIRO
   • Value: Approximately $200,000
   • Role: Auros Global, while holding a smaller portion compared to Wintermute and GSR Markets, still plays a significant role in the NEIRO market by ensuring liquidity and supporting trading activities.

Factors Contributing to the Price Surge

Several factors may have contributed to NEIRO’s impressive price increase:

• Market Maker Activity: The strategic withdrawal of NEIRO by GSR Markets from Bybit likely reduced the available supply on the exchange, creating upward pressure on the price due to scarcity.
• Increased Demand: Positive sentiment and increased interest from investors and traders can drive demand, pushing the price higher.
• Market Sentiment: Broader market trends and the performance of the Ethereum network may have positively influenced NEIRO’s price.
• Token Utility and Developments: Any recent updates, partnerships, or developments related to NEIRO could have enhanced its utility, making it more attractive to investors.

Implications for the NEIRO Ecosystem

The significant price surge of NEIRO has several implications for its ecosystem:

• Investor Confidence: A 50% price increase can boost investor confidence, attracting more participants to the NEIRO market.
• Liquidity Enhancement: The involvement of major market makers like Wintermute and GSR Markets ensures that there is sufficient liquidity, which is essential for maintaining price stability and supporting large transactions.
• Market Stability: Active market makers contribute to reducing volatility by providing liquidity and facilitating smooth trading operations, which is crucial for the long-term sustainability of the NEIRO token.

Future Outlook

Looking ahead, the NEIRO market is expected to remain dynamic, with continued involvement from major market makers playing a crucial role in shaping its trajectory. Investors and market analysts will likely monitor the actions of these key players, as well as any further developments within the NEIRO ecosystem, to gauge future price movements and market health.

Conclusion

The 50% rise in NEIRO’s price on the Ethereum network underscores the significant impact that major market makers can have on a cryptocurrency’s market dynamics. With 60.23 million NEIRO held by Wintermute, GSR Markets, and Auros Global, the token benefits from enhanced liquidity and stability, positioning it well for future growth and sustained investor interest. As NEIRO continues to evolve, the support and strategic actions of these market makers will be instrumental in driving its success within the competitive cryptocurrency landscape.

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Web3 MOBA Game Infinitar Raises $9M in Series A Funding

In a significant boost for the Web3 gaming sector, Infinitar, a pioneering multiplayer online battle arena (MOBA) game built on the Ethereum blockchain, has successfully raised $9 million in a Series A funding round. This infusion of capital elevates Infinitar’s post-money valuation to $150 million, underscoring investor confidence in the project’s potential to revolutionize the gaming landscape through decentralized technology.

Overview of the Series A Funding Round

Infinitar’s recent Series A funding marks a pivotal milestone in the company’s growth trajectory. Announced via its official Medium blog, the funding round was co-led by Lam Group and AccelByte, two prominent names in the investment and gaming industries. The participation of additional investors, including Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs, further emphasizes the broad support Infinitar has garnered from the investment community.

Key Investors Leading the Round

• Lam Group: Known for its strategic investments in innovative technology ventures, Lam Group brings valuable expertise and resources to Infinitar’s expansion plans.
• AccelByte: As a leading game development platform provider, AccelByte’s involvement highlights the intersection of traditional gaming and blockchain technology that Infinitar embodies.
• Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs: These investors contribute diverse perspectives and support, enhancing Infinitar’s capacity to scale and innovate within the competitive Web3 gaming market.

Use of Funds

While Infinitar has not disclosed specific allocations for the raised capital, the company has indicated that the investment provides its team with “tremendous momentum moving forward.” This momentum is particularly crucial as Infinitar prepares to roll out several major updates aimed at enhancing gameplay, expanding user engagement, and integrating more advanced blockchain features.

Future Plans and Development

With the newly secured funding, Infinitar is poised to accelerate its development roadmap. Key initiatives include:

• Major Game Updates: Introducing new maps, characters, and gameplay mechanics to keep the gaming experience fresh and engaging for players.
• Enhanced Blockchain Integration: Leveraging Ethereum’s capabilities to introduce unique in-game assets, rewards, and decentralized governance mechanisms.
• Community Expansion: Building a robust player base through targeted marketing campaigns, partnerships, and community-driven events.

Implications for Infinitar and the Web3 Gaming Industry

Infinitar’s successful Series A funding round is a testament to the growing investor interest in Web3 gaming and the potential of blockchain technology to disrupt traditional gaming paradigms. By combining the competitive dynamics of MOBA games with the transparency and ownership benefits of blockchain, Infinitar is well-positioned to attract a diverse and dedicated player base.

This funding round also sets a precedent for other Web3 gaming projects, highlighting the viability and attractiveness of decentralized gaming platforms in securing substantial investment. As more investors recognize the unique value propositions offered by blockchain-based games, the sector is likely to experience accelerated growth and innovation.

Conclusion

Infinitar’s achievement in raising $9 million in its Series A funding round underscores the project’s strong market position and the broader appeal of Web3 MOBA games. With a post-money valuation of $150 million, Infinitar is set to leverage this capital to drive significant advancements in its game development, community building, and technological integration. As the project prepares to unveil major updates, the support from key investors like Lam Group and AccelByte positions Infinitar as a formidable player in the evolving landscape of decentralized gaming.

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