Vitalik Buterin Reveals His Ethereum Foundation Salary
Vitalik Buterin, Ethereum’s co-founder, recently disclosed that his annual salary from the Ethereum Foundation (EF) is around $139,500.
While this amount is modest compared to his substantial net worth, which reached $1.5 billion in 2022 Buterin’s current crypto holdings are valued at roughly $625 million, based on data from blockchain analytics platform Arkham Intelligence.
Buterin also highlighted an update from Josh Stark of EF regarding the organization’s financial allocations. The largest portion of EF’s spending is dedicated to what they call “New Institutions.” This includes funding for new organizations that aim to strengthen the Ethereum ecosystem, such as the Nomic Foundation and 0xPARC Foundation.
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EF’s internal spending covers teams like Geth, Solidity, Devcon, and Next Billion, all of which operate transparently, sharing their activities on various platforms. The foundation also continues to support external projects through grants, with recent recipients including Xerxis, Espacio Cripto, ETHKL, and Borderless Africa.
Updates from @0xstark on EF spending.
The key info is in this chart.
The “new institutions” category basically means @NomicFoundation, @TheDRC_ , @l2beat, @0xPARC etc – no World Economic Forum insect protein research here!
More info has been and will be published; see thread. https://t.co/sWVfQQ5XQF pic.twitter.com/FY2EPT7Wiz
— vitalik.eth (@VitalikButerin) August 27, 2024
Despite its contributions, EF frequently faces scrutiny, particularly when it makes large transfers to exchanges, which some view as signals of potential market shifts. On August 23, EF executed its largest transfer of 2024, raising concerns among market watchers. Stark pointed out that it’s simple to verify these transactions, as EF’s treasury is fully transparent and visible on the blockchain.
Alexander Stefanov
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Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
