Blockchain Platform æternity launches charitable foundations in Liechtenstein and Bulgaria – IBS Intelligence


æternity, the blockchain 3.0 platform announced the launch of two foundations, in Liechtenstein and Bulgaria, that will provide grants and educational support to innovative blockchain projects. The Bulgarian Foundation will focus on supporting projects in the Balkans, while the Liechtenstein Foundation will have an international focus. Welcoming applications from individuals, teams, and non-commercial projects, the foundations aim to boost the vibrant blockchain ecosystem by offering financial assistance to leading research and development efforts.

Based in Liechtenstein, the æternity Crypto Foundation will focus on supporting research and development in blockchain technology, cryptography, and mathematics. To this end, it will be a contribution to grants up to one million CHF, paid in cryptocurrency, to innovative projects that are viewed as significant potential for further exploration and the benefits of blockchain. The Foundation also aims to further develop the overall blockchain ecosystem, lending resources to developing innovative ideas for decentralized applications, as well as promoting art and culture. The grant program will expand on an ongoing basis in progress with the project's core and applications development.

Peter Schnürer, æternity Crypto Foundation Board Member, a prominent figure in Liechtenstein blockchain space, and part of the expert group that architected the Liechtenstein Legal Blockchain Act, said: "The Foundation will offer research support, the driving force behind the advancements in the industry, as well as assisting smart, unconventional thinkers as they explore this technology and we encourage all innovators to submit an application. It will also help startups expand the potential of their creative work in a collaborative, dynamic environment. We are committed to driving blockchain innovation by supporting a broad spectrum of the blockchain ecosystem and looking forward to a variety of applications from disruptive projects in the space. "

Meanwhile, the æternity Foundation Bulgaria will work to implement partnerships with universities and other educational institutions in Bulgaria and the Balkan region. The Foundation will offer scholarships to provide blockchain enthusiasts the opportunity to secure a qualification related to the technology and embark on a career in the space. This level of collaboration will lead to growth in the industry. In addition, the Foundation will encourage the growth of the local blockchain ecosystem by showcasing the work in the Balkans region with the global community.

Nikola Stojanow, CBDO of æternity and Chairman of the Board at the Foundationternity Foundation Bulgaria, said: "With the disconnect that between the emerging technology and the mainstream society, it is important to bridge this gap to the benefits of blockchain technology as widely as possible. There is a significant amount of untapped potential in the Balkans, and the launch of the æternity Foundation will help to put the region on the blockchain map. I look forward to fostering the potential of these extraordinary talents by tapping into the knowledge of researchers from the area's leading institutions and their world-changing ideas and revolutionary projects. "

Vbrancy for æternity, following the successful launch of the first æternity Starfleet accelerator for blockchain startups in the summer of this year.

Yanislav Malahov, Founder of æternity, acknowledges: "Through the creation of these two foundations, æternity takes a significant step towards establishing the global blockchain ecosystem. Blockchain is a technology that has potential to be tapped. By partnering with universities and other institutions, we will provide the necessary infrastructure for people to develop significant ideas and unlock the ability to solve long-standing problems across a variety of industries. "

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