Ethereum developer Nina Breznik tweeted a couple of days ago that Ethereum Foundation will stop funding internal teams from next year and stated that the funding would first stop for the youngest projects. Breznik currently works on projects like Smart Contract Codes and DatDot, while previously being involved with EthereumRemix and Wizard Amigos.
As some might already know, Ethereum Foundation is planning to stop funding for most of the internal teams in the next year.
I joined about 3 years ago and was working for 2 years on Remix and then in the last year on PlayProject.
— Nina Breznik??? (@ninabreznik) December 6, 2019
According to Breznik, funding for their projects stopped from December 1 and will stop for other projects subsequently. She further said,
Interestingly, Tron Foundation Chief, Justin Sun offered to fund all the troubled Ethereum developers to migrate their work on the TRON blockchain.
— Justin Sun (@justinsuntron) December 7, 2019
Justin Sun’s prompt offer to Ethereum developers has received diverse reactions from crypt enthusiasts. Some accused him of wanting to “buyout” other developers just for publicity, while a few reminded him that there a lot of TRON projects that he must fund first.
As there hasn’t been any official statement yet, it is too early to do ETH price prediction anything now. It is better to wait and watch what more is in store.