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Blockchain technology firm ConsenSys will spend $2.4 million annually to fund its newly launched MetaMask Grants DAO, which is led by MetaMask employees and will be responsible for issuing grants to external developers building products and services within the MetaMask ecosystem. The project will initially run for 12 months to assess its viability and success, with the DAO processing votes and proposals publicly through SnapShot on the Codefi Activate platform. ConsenSys is committing $600,000 per quarter in an effort to drive decentralization and adoption of Web3 mechanisms and business models.
The European Central Bank raises interest rates by 75 basis points to 1.5%, the highest rate since 2009. Bitcoin is down 2.44% over the last 24 hours and fell to an intraday low of $20,421.37. The largest cryptocurrency fell marginally lower on Thursday, as traders moved to secure gains from the recent price surge. The 14-day relative strength index is still above 60, suggesting the momentum still remains bullish. If the buyers hold the price above the current level, the BTC/USDT pair could rise to $22,000.
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