Ethereum

2024

World

Arkham

Foundation

<ul> 
 <li aria-level="1">Vitalik Buterin earns $139,500 annually from Ethereum Foundation, a modest sum compared to his $1.5 billion net worth.</li> 
 <li aria-level="1">Largest Ethereum Foundation spending goes to “New Institutions,” funding entities like Nomic and 0xPARC to support the Ethereum community.</li> 
</ul> 
Vitalik Buterin, recently revealed his annual salary from the Ethereum Foundation is 182,000 SGD, or about $139,500. This amount is relatively small compared to his personal net worth of $1.5 billion, as estimated by Forbes in 2022. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 182,000 SGD per year 
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1828418559875101058?ref_src=twsrc%5Etfw">August 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
According to data from Arkham Intelligence, <a href="https://platform.arkhamintelligence.com/explorer/entity/vitalik-buterin">Buterin’s holdings</a> in cryptocurrency are currently worth around $625 million. 
<figure id="attachment_89511" aria-describedby="caption-attachment-89511" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-89511" src="https://www.ethnews.com/wp-content/uploads/2024/08/vitalik-holding-eth-arkam.png" alt="" width="953" height="512">
 <figcaption id="caption-attachment-89511" class="wp-caption-text">
 Source: Arkham Intelligence
 </figcaption>
</figure> 
Buterin’s revelation came amid a broader discussion about the financial operations of the Ethereum Foundation, prompted by an update from Josh Stark, a representative of the organization. 
Stark detailed the <a href="https://www.ethnews.com/ethereum-foundations-shocking-94-million-move-is-ethereum-setting-up-for-a-record-breakout/">foundation’s expenditure</a>, highlighting that the largest portion of its budget is allocated to “New Institutions.”&nbsp; 
This aims to foster new entities that could enhance the Ethereum community’s capabilities. Funding in this category is often extended to various organizations, including the Nomic Foundation and 0xPARC Foundation, which receive grants to support their development. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Updates from <a href="https://twitter.com/0xstark?ref_src=twsrc%5Etfw">@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">@NomicFoundation</a>, <a href="https://twitter.com/TheDRC_?ref_src=twsrc%5Etfw">@TheDRC_</a> , <a href="https://twitter.com/l2beat?ref_src=twsrc%5Etfw">@l2beat</a>, <a href="https://twitter.com/0xPARC?ref_src=twsrc%5Etfw">@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">https://t.co/sWVfQQ5XQF</a> <a href="https://t.co/FY2EPT7Wiz">pic.twitter.com/FY2EPT7Wiz</a> 
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1828418027034972507?ref_src=twsrc%5Etfw">August 27, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Additionally, Stark shed light on the internal spending of the Ethereum Foundation, which encompasses its operational teams such as Geth, Solodigy, and Devcon. These groups are committed to transparency, regularly sharing updates on their activities through various public channels. 
Externally, the foundation also dispenses numerous grants to support projects within the <a href="https://www.ethnews.com/vitalik-buterin-reveals-why-cryptocurrencies-are-at-a-governance-crossroads-whats-next/">Ethereum ecosystem</a>. In the first quarter alone, initiatives such as Xerxis, Espacio Cripto, ETHKL, Borderless Africa, and Nethermind were among the beneficiaries of these funds. 
A notable instance was the foundation’s substantial transaction on August 23, 2024, which marked its largest transfer for that year.&nbsp; 
However, Stark emphasized the transparency of these transactions, noting that the foundation’s treasury activities are <a href="https://www.ethnews.com/ethereum-accelerates-transactions-with-ssf-vitalik-buterin-unveils-game-changing-upgrade/">clearly visible on-chain</a>, allowing for straightforward verification of the origins of specific transfers. 
The post <a href="https://www.ethnews.com/ethereum-foundations-mega-transfers-whats-vitalik-hiding/">Ethereum Foundation’s Mega Transfers —What’s Vitalik Hiding?</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Ethereum Foundation’s Mega Transfers —What’s Vitalik Hiding?

ETHNews

Other articles published on Aug 27, 2024

This is everything you need to know about PayPal USD

Solana Explodes 40% in Volume, Is SOL Back?

What Is the Recently Funded Bolt Protocol?

Pawfury ($PAW) Breaks Records with $5.5 Million Raised: What’s Next for This Top Presale Crypto ...

Telegram CEO Pavel Durov’s Official Charges Announced!

Is Bitcoin Making Millionaires As Crypto Millionaire Population Surged to 172,300?

Join our free newsletter for daily crypto updates!