Ethereum Classic DAO is reborn with a $220 Million Security Fund.

Ethereum Members Revive the DAO

Vitalik Buterin, one of the co-founders of the Ethereum network, along with other key members, is taking steps to revive one of the oldest and most symbolic parts of the network: the DAO (Decentralized Autonomous Organization). This restructuring also includes the allocation of a $13.5 million security grant fund, which will be distributed through DAO-style mechanisms.

Innovative Security Funds Will Be Offered

A security fund valued at $220 million stands out as a critical resource that the Ethereum community will use to support projects. Through this fund, security grant applications will be evaluated and distributed using DAO mechanisms.