Update: Week of 24 June 2019

June 28, 2019

Dear Tezos community, Last week, I was involved in many discussions with you through online channels. Communication is important to me and the entire Tezos Foundation team, as it allows the community to understand how we at the Foundation translate putting our resources into action. I am looking forward to releasing our first bi-annual report […]

Dear Tezos community,

Last week, I was involved in many discussions with you through online channels. Communication is important to me and the entire Tezos Foundation team, as it allows the community to understand how we at the Foundation translate putting our resources into action. I am looking forward to releasing our first bi-annual report this summer, and am also excited to launch the TF Weekly Update today. The weekly update posts will be published every Friday and will recap major highlights from our grantees and other community members, give a brief overview of our priorities and activities, and round up answers to questions we are hearing from you.

I am looking forward to your feedback and hope you have a fantastic weekend.

Best regards,
Ryan

Grantee Updates

Teams that receive funding from the Tezos Foundation are continuously hard at work creating, building, and scaling solutions for the protocol and community. To get a better sense of their work, here are some recent highlights:

  • TQ, Serokell, & Nomadic Labs proposed a standard interface for creating and managing fungible assets using smart contracts on Tezos (though not grantees, these organizations receive funding from the Foundation).
  • The Marigold Project received a grant to support the development of both LIGO, a statically typed high-level language for writing Tezos smart contracts, and Marigold, a plasma-like layer-2 scaling implementation for Tezos.
  • Stove Labs released tutorials on how to get started with LIGO.
  • SmartPy – a new language that allows developers to write Tezos smart contracts in Python – launched its alpha version.
  • Cryptonomic announced that they will be hosting a Tezos hackathon. You can sign up here.
  • Pocket Network, a decentralized API layer for connecting applications to node infrastructure, introduced themselves to the Tezos community with a blog post and AMA.
  • Tezos Commons Foundation rolled out yet another explainer video – this time on inflation funding.
  • Nomadic Labs wrote up an explanation of “How to Write a Tezos Protocol”.
  • ZenGo released an implementation of a Threshold Signature Scheme (TSS) for Tezos.
  • Tezos Southeast Asia conducted a 6-day Tezos Training Course at Chulalongkorn University.
  • Obsidian Systems released an implementation that allows any Tezos operation to be confirmed on a Ledger hardware wallet.
  • Catsigma updated TezBridge and will produce documentation covering plugin integration, a user manual, and a complete application sample.
  • Baking Bad released a major update of Better Call Dev, its Tezos smart contract meta-explorer.

Our current call for Ecosystem Grant Proposals is open until July 10, 2019.

Our Activities

This summer we are focused on further improving our grantmaking process, vigorously defending ourselves against frivolous class action lawsuits, continuing to ensure that we are compliant with applicable regulations, and expanding the Tezos Foundation team. 

While there are certain details that we cannot share on these as well as our ongoing business development efforts, there are a few key details that we can highlight:

  • We have been in continual contact with government officials in Switzerland to ensure that we are not only meeting their guidelines, but we are also setting the bar for how a blockchain foundation should operate.
  • Now that we have hired Roman Schnider as CFO and Head of Operations, we are looking to identify our next round of hires. Specifically, we are looking to expand the team to add staff that will focus on communications for the Foundation and business development (similar roles already exist or will exist in the near future at other entities around the world that receive Foundation funding).
  • We are reviewing options to add additional members to the Tezos Foundation board.
  • We are preparing for our next board meeting in early July – specifically agenda setting, and preparing budget and committee reviews.

FAQs

We have been receiving and responding to a lot of questions in the community this week, but a few stand out that are worth flagging in one place.

Why isn’t TF doing more to get XTZ listed on exchanges?
The Tezos Foundation does not pursue exchange listings. This is not, and has never been the role of the Tezos Foundation.

What is TF doing to market the protocol?
The Tezos Foundation is not a marketing entity. As our strategy statement outlines, “we believe our role within the community is to deploy resources that support the long-term future of Tezos. Grants offer a strategic way to help community members, such as educational and research institutions, developers, or activists from all over the world to support the advancement of this decentralized network.”

That said – we do fund entities that do some marketing like Tezos Commons Foundation (TCF), Tocqueville Group (TQ), Tezos Southeast Asia (TSA), Tezos Japan, Tezos Korea Foundation, and others. They are continuously pushing out marketing materials like this great explainer video that TCF released this week.

If you have a marketing proposal – submit a proposal and we will review.

What does TF value from a technology standpoint?
We really value open source technology that does not create dependencies or force centralization. This means that the technology should be both open source and replicable by others to use for their own public instance.  While we fund many projects in parallel, for our current priorities, please see our most recent RFP.