That's refreshing. Some guys want to build on, and improve the scaling of, Ethereum, and they don't do an ICO. They get funding from Vitalik. I can't say I understand the ins and outs of the project, but it must be good :)
https://medium.com/l4-media/generalized-state-channels-on-ethereum-de0357f5fb44
Good luck to Liam Horne and Jeff Coleman.
