The post Ethereum Foundation announces Project Odin to tackle single point of failure in funding appeared on BitcoinEthereumNews.com.

The Ethereum Foundation has launched an accelerator for Ethereum infrastructure projects with a run time of 12 months called Project Odin. Project Odin was created to build long-term business models for companies and diversify funding so operations can run smoothly.  The new initiative is being introduced amid an austerity period for the leading decentralized platform, as it plans to move away from a grant-heavy, donation-dependent phase for its ecosystem. How does Project Odin change the way Ethereum projects get funded? The Ethereum Foundation (EF) has launched an initiative geared towards making sure essential tools do not run out of money, called Project Odin.  For years, critical tools like libp2p have faced financial maydays and survived off temporary grants, but now the EF’s Funding Coordination team will bring in strategic advisors to work on non-technical gaps like fundraising strategy, planning, and hiring.  Ethereum is currently preparing for the Glamsterdam upgrade, which is set to take place in the first half of 2026 and focuses on massive scaling and a gas limit target exceeding 100 million. However, the funding problem for public goods has always been “fragile, political, and cyclical.” A team builds a great tool, runs out of money, and then scrambles for a new grant.  This scramble often happens when a team is under the most pressure, narrowing their options and distracting them from building. Project Odin makes plans for sustainability during its one-year run time.  The process is divided into three distinct phases. Firstly, teams identify all available funding options, including DAO grants, quadratic funding, and service-based revenue, to understand the trade-offs of each.  Then, projects begin external conversations with potential partners or customers. An Ideal Customer Profile that identifies if someone is willing to pay for the project’s specific products is created during this phase. Lastly, the team…

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Filed under: News - @ February 27, 2026 8:27 pm