Grayscale Launches Zcash Invest, Plans $1M to Support Zcash Ecosystem

Nov. 10: According to an official announcement, Grayscale has launched the Zcash Invest platform, aimed at educating investors and investment advisors about the Zcash ecosystem and its Zcash ETF (ZCSH), and has simultaneously kicked off a nationwide campaign titled "Zcash: The Next Era of Crypto." Grayscale said it plans to use all sponsor fees collected in the first year after ZCSH's listing to support Zcash development, marketing and education, and plans to commit $1 million to nonprofits and projects advancing Zcash, with the first $400,000 already disbursed in allocations of $100,000 each to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs and Project Tachyon. In addition, Grayscale research shows that the number of monthly active developers on Zcash has roughly doubled over the past two years, while developer counts across the crypto industry as a whole have retreated from their peak.