The Ethereum project Golem raised 820,000 ETH ten years ago, and the foundation has disclosed that it has now staked 100,000 ETH

Odaily reports: Julian Zawistowski, an executive at the Ethereum project Golem Foundation, published a post reviewing the project's 10th anniversary. He said that on November 11, 2016, the Golem project launched its token sale, raising approximately 820,000 ETH in less than 30 minutes and minting 1 billion tokens, originally named GNT and now renamed GLM.

Zawistowski disclosed that since 2023, the Golem Foundation has staked 100,000 ETH and distributes the staking yields to GLM holders participating through Octant, while also supporting the development of Ethereum public goods. Its long-term goal is to safeguard this reserve of funds so that GLM holders and the broader Ethereum ecosystem can benefit.