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ConsenSys to Launch MetaMask Grants DAO. By Cointelegraph

ConsenSys pledges $2.4M annually for the launch of MetaMask Grants DAO

ConsenSys, a blockchain technology company, will spend $2.4 Million annually to fund its newly launched MetaMask Grants DOA that aims to further develop the Web3 ecosystem.

The fund will run by MetaMask employees, who will also manage it. Decentralized autonomous organisation (DAO).. The DAO will be responsible for issuing grants to developers working outside of ConsenSys that are building products and services within MetaMask’s ecosystem and the wider Web3 space.