The Interchain Foundation puts aside $26.4M to grow Cosmos ecosystem

The Interchain Foundation (ICF), a non-profit organization dedicated to driving growth in the Cosmos ecosystem, has allocated $26.4 million to fund Interchain Stack development and adoption in 2024. 

This amount is significantly less than in previous years. In the 2023 budget, the ICF planned to provide $40 million to the ecosystem, and in 2022 the foundation spent $54.1 million on ecosystem growth. 

Generally speaking, ICF Funding has been split into five core areas within the Cosmos ecosystem. These areas include consensus layer software CometBFT, the Cosmos software development kit (SDK), the Interblockchain Communication protocol (IBC), the smart contracting platform for…

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