Grayscale commits $1M to Zcash ecosystem as ZEC falls below $1,000

Grayscale has committed $1 million to the Zcash ecosystem alongside a new education platform and Wall Street Journal advertisements, promoting its Zcash fund and awarding initial grants to four Zcash groups for network development, policy advocacy and financial privacy education. The firm launched Zcash Invest on Nov. 10. The push comes as ZEC trades below $1,000, so traders will watch whether institutional backing and grant funding can offset the token's price weakness.