NEW: @Ethereuminsti closed its initial ecosystem funding round, which was backed by more than 100 organizations and individuals from across the @Ethereum ecosystem. The funding gives Ethereum Institutional runway to scale institutional education, market intelligence, and ecosystem marketing, as well as connect institutions with different operators in the ecosystem. When we spoke to @SharpLink CEO @joechalom, one of the anchors of the fund, on @_TalkingTokens last week, he described the gap the organization was built to close: "Institutions want security, trust, and liquidity. Ethereum has all those things, but what it didn't have is a mouthpiece to go engage institutions, to share the facts, not the FUD." "Ethereum Institutional is a go-to-market organization, [they're like] the front door [for institutions]. If you want to engage with Ethereum, you want education, you want to be handheld, they will walk you through education, experimentation, proof of concept, into production."