Ethereum

World

Foundation

Salary

Billion

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Ethereum cofounder Vitalik Buterin recently&nbsp;<a href="https://x.com/VitalikButerin/status/1828418559875101058" rel="noopener noreferrer nofollow">revealed</a> that his salary at the Ethereum Foundation is 182,000 SGD (roughly $139,500) per year.
These are, of course, mere pennies compared to Buterin's personal net worth, which reached $1.5 billion in 2022, according to&nbsp;<a href="https://www.forbes.com/sites/ninabambysheva/2021/11/03/ethereum-co-founder-vitalik-buterins-net-worth-hits-146-billion-as-ether-is-trading-at-all-time-high/#:~:text=Forbes%20estimates%20his%20total%20wealth,mark%20for%20the%20first%20time." rel="noopener noreferrer nofollow">Forbes</a>.
The data provided by blockchain analytics platform Arkham Intelligence shows that Buterin currently&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/entity/vitalik-buterin" rel="noopener noreferrer nofollow">holds</a> roughly $625 million worth of crypto.&nbsp;
<h2 id="shedding-light-on-ef-s-spending">Shedding light on EF's spending&nbsp;</h2>
<a href="https://u.today/vitalik-buterin-breaks-silence-on-telegrams-pavel-durov-arrest" rel="noopener noreferrer nofollow">Buterin</a> recently shared an update from Josh Stark of EF regarding the organization's spending.&nbsp;&nbsp;&nbsp;
The "New Institutions" piece of the pie accounts for the biggest share of EF spending. As explained by Stark, one of the key goals of EF is to build up new organizations that could potentially empower the Ethereum community. The category includes grants to various organizations, such as the Nomic Foundation and 0xPARC Foundation.&nbsp;&nbsp;
<blockquote>
 Updates from <a href="https://twitter.com/0xstark?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xstark</a> on EF spending.The key info is in this chart.The "new institutions" category basically means <a href="https://twitter.com/NomicFoundation?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NomicFoundation</a>, <a href="https://twitter.com/TheDRC_?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TheDRC_</a> , <a href="https://twitter.com/l2beat?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@l2beat</a>, <a href="https://twitter.com/0xPARC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@0xPARC</a> etc - no World Economic Forum insect protein research here!More info has been and will be published; see thread. <a href="https://t.co/sWVfQQ5XQF" rel="noopener noreferrer nofollow">https://t.co/sWVfQQ5XQF</a> <a href="https://t.co/FY2EPT7Wiz" rel="noopener noreferrer nofollow">pic.twitter.com/FY2EPT7Wiz</a>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1828418027034972507?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 27, 2024</a>
</blockquote>
Internal spending includes EF teams like Geth, Solodigy, Devcon, Next Billion and so on. "All these teams work out in the open, and share info about their activities on their websites, GitHubs, and social channels," Stark added.&nbsp;
When it comes to grants (external spending), EF has been routinely covering its wave of grants.&nbsp;
For instance, in the first quarter, some of the projects that received funding include Xerxis, Espacio Cripto,&nbsp; ETHKL, Borderless Africa, Nethermind and so on.&nbsp;
<h2 id="ef-s-spooky-transfers">EF's spooky transfers&nbsp;&nbsp;</h2>
EF <a href="https://u.today/is-ethereum-foundation-selling-satoshi-era-ethereum-mythical-6-million-eth-transfer" rel="noopener noreferrer nofollow">routinely</a> comes under scrutiny due to its transfers to exchanges that are believed to be a somehow reliable indicator of local market tops.&nbsp;
As <a href="https://u.today/ethereum-foundation-makes-its-largest-eth-transfer-of-2024" rel="noopener noreferrer nofollow">reported by U.Today</a>, EF spooked the market with yet another massive transfer that took place on Aug. 23. In fact, this was the organization's biggest transfer of 2024.&nbsp;&nbsp;
Stark has noted that it is actually "very easy" to confirm whether or not a certain transfer is from the Ethereum Foundation since the organization's treasury is "transparently visible" on-chain.

Ethereum's Vitalik Buterin Reveals His Salary

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