As an analyst with over two decades of experience in the tech industry, I find Vitalik Buterin’s financial disclosure both intriguing and reassuring. His decision to forgo personal trading since 2018 is commendable, especially given his significant ETH holdings that have catapulted him into billionaire status.
Vitalik Buterin, one of Ethereum‘s co-founders, shared in a recent interview that his yearly income from being part of the Ethereum Foundation amounts to around $139,000.
Following a growing debate on social networking platforms regarding how the Ethereum Foundation distributes its funds, concerns have arisen among stakeholders over the royalties they receive for gas fees. This nonprofit organization, dedicated to fostering the development of the Ethereum ecosystem, has been at the center of these discussions.
Regardless of the substantial amount of Ethereum (ETH) he holds, which by June 2024, is estimated to make him nearly a billionaire, Buterin clarified that he stopped trading Ether for personal gain around 2018.
In response to concerns raised, Vitalik Buterin and another member of the EF, Josh Stark, outlined preliminary financial objectives for the Foundation. They mentioned that a detailed study will be shared prior to Devcon SEA, a four-day event happening in Bangkok, Thailand, set for November 2024.
Initial findings by Buterin and Stark suggest that in 2023, the Ethereum Foundation allocated approximately 36.5% of its assets towards assisting “New Entities.” This is a marked increase from the 23.8% dedicated in 2022, signifying the Foundation’s growing commitment to initiatives pertinent to Ethereum.
The initiatives encompass financial support for organizations critical to Ethereum’s future aspirations, which include entities like the 0xPARC Foundation, the Decentralized Research Institute, the layer-2 data analysis firm L2Beat, and the Nomic Foundation.
As a researcher, I channeled the second largest portion of our project’s resources towards the advancement of layer-1 technology. This encompassed the on-chain testing and improvements on the Ethereum mainnet, such as the Dencun update that occurred earlier in 2024.
In the first quarter of 2024, Stark pointed out, the EF organization disbursed around $11.4 million to outside groups and recognized several achievements by internal teams, including Geth.
Read More
Sorry. No data so far.
2024-08-27 23:50