Can you provide update on the status with these grants that were given out in 2018:
– Cornell University (Emin Gün Sirer): “to build protocols that can be added on Tezos”
– Clause.io to develop smart legal contract layer on Tezos
– Decet Consulting: “to build online developer certification resource for the Tezos network”
Why have all mentions of these above grants been removed from the TF website? For the sake of transparency, this information needs to be available on the website even if these grants were not successful.
As stated on page 11 of our latest Bi-Annual Report, “The Tezos Foundation may not distribute follow-on payments for projects that do not hit their deliverables.” When deliverables are not met and the value-add to the Tezos ecosystem is not proportional to the size of a grant, the Foundation may not continue to support a project. This was the case for both the Clause and Decet projects and they were removed from the Foundation’s website as they are no longer active. In the case of Clause, the grant was returned to the Foundation. We should have an update to share regarding the Cornell University grant in the coming weeks.
I’ve been emailed a notice for a class-action lawsuit for the address I provided for in the AML/KYC process for the ICO. Who has received a copy of the information used for the ICO process? Has the TF given or sold any KYC information to ANY 3rd party? If so, who?
We will answer this question for the Tezos community and include it in the FAQ section of a TF weekly update in the coming weeks.
Are Tezos Foundation Council members still receiving compensation for board membership (similar to non-employee board members of a corporation) or other activities?
Yes, TF Council members are compensated for their respective mandates, similar to non-executive board members in corporations or comparable organisations. Going forward, the Council has a supervisory role, overseeing the executive management team of the Foundation, but is no longer involved itself in day-to-day operations and executive functions, and hence will no longer be compensated for the latter.