Weekly Updates

Update: Week of 23 March 2020

Dear Tezos community, We hope you are all staying safe and healthy in these difficult times. In case you missed it, last week the Tezos Foundation released its second Biannual Update, with updated facts and figures and updates on what the community has accomplished in the last 6 months. You can find the report here. Happy reading!

With the COVID-19 pandemic restricting in-person gatherings all over the world, we were encouraged to see Tezos Berlin’s plans for a virtual meetup this Saturday, March 28. The meetup will cover the latest developments in Tezos core protocol engineering, and features speakers from Cryptium Labs and Nomadic Labs. If you’d like to participate, you can register here.

Best regards,


Grantees, Funded Entities, and Other News

Below are some updates from the last week:

Our Activities

The Foundation released the second edition of its Biannual Update last week. You can find it here.

Additionally, the Tezos Foundation announced last week that it has entered into a settlement, subject to court approval, of all putative class action lawsuits, all of which are pending in California state and federal courts. The Foundation continues to believe the lawsuits were meritless and continues to deny any wrongdoing, but the one-time cost of a financial settlement is preferable to the distractions and legal costs associated with continuing to fight in the courts.

FAQs: Regarding the civil litigation update – who is entitled to receive the settlement funds and how will they be distributed?

Settlement funds will be distributed to those in the settlement class who file valid claim forms. The settlement class would consist of those who participated in the Foundation’s fundraiser in 2017, but would exclude the defendants and certain of their affiliates. The federal courts in the United States have not yet determined how to allocate funds among class members.

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