Ethereum founders Joseph Lubin and Vitalik Buterin and their respective organisations ConsenSys and the Ethereum Foundation are each donating 1,000 ether (ETH) to the Moloch decentralised autonomous organisation (DAO).
Lubin made the announcement on Twitter.
Thrilled to finally reveal that myself, @ConsenSys, @VitalikButerin, and the @Ethereum Foundation are all contributing 1k $ETH each to @MolochDAO. Huge thanks to @ameensol helping to redefine how we fund #Ethereum development. GUILD BANK NOW OVER $1M 🤯 #EtherealNY #YearOfTheDAO pic.twitter.com/6pDsLVKCrW
— Joseph Lubin (@ethereumJoseph) May 10, 2019
MolochDAO is headed up by Ameen Soleimani, CEO of SpankChain, a decentralised payment solution for the adult industry. It launched earlier this year as a crowdsourced funding initiative to support Ethereum infrastructure projects. It started life with 22 founding members, each depositing 100 ETH into the decentralised and autonomous grants system.
The aforementioned donations will raise the valuation of MolochDAO’s funding pool to over $1 million.
— 👹 Moloch (@MolochDAO) May 10, 2019