VanEck, a notable investment management firm, has committed to donating 10% of the profits from its Ethereum Strategy ETF (EFUT) to Protocol Guild for a minimum duration of ten years. This declaration came ahead of the anticipated launch of the ETF, symbolized as EFUT, which is expected to play a significant part in fostering mainstream Ethereum adoption. The announcement was made on September 30, 2023, through a series of tweets from VanEck’s official Twitter account.
Protocol Guild is a community-centric funding mechanism dedicated to supporting individuals instrumental in maintaining and advancing the core protocol of the Ethereum blockchain. By providing financial backing, Protocol Guild contributes to the continuous development and stability of the Ethereum network, which is pivotal for various decentralized applications (dApps) and smart contract operations.
The pledged funds are aimed at supporting Protocol Guild, a…
