Ethereum

Ethereum co-founder <a href="https://cryptotale.org/vitalik-buterin-suggests-ai-to-enhance-xs-community-notes/" rel="noopener noreferrer nofollow">Vitalik Buterin</a> continues to emphasize his commitment to using proceeds from token sales for charitable causes and ecosystem support. On September 5, Buterin clarified his intentions regarding Layer 2 (L2) tokens and other project tokens, stating that all proceeds will be directed to public goods within the Ethereum ecosystem or broader charitable efforts, such as biomedical research. This announcement came after a similar statement in which Buterin noted that none of his sales since 2018 were kept as profits but instead used for supporting valuable projects.Buterin has also stated that he has no plans to invest in Layer 2 tokens or other token projects in the near future. His focus remains on donating funds to initiatives he believes are undervalued by the broader ecosystem, underlining his long-term vision for supporting causes he deems important. Notably, this aligns with his ongoing philanthropic efforts, which have been a recurring theme in his public addresses.<h2 id="header-0">Donation of “Animal Coins” to Charity</h2>In mid-August, Buterin made headlines when he donated over $530,000 worth of so-called &#34;Animal Coins&#34; to charity. This donation followed requests from the community after Buterin liquidated a portfolio of <a href="https://cryptotale.org/meme-coin-frenzy-erupts-over-new-shiba-inu-neiro/" rel="noopener noreferrer nofollow">NEIRO</a> tokens that had been gifted to him by the project’s team.He used the proceeds to support the Effective Altruism Funds’ Animal Welfare Fund, further solidifying his commitment to charitable causes. This donation is part of a larger trend, as Buterin has previously suggested that gifted tokens should be directed toward charitable organizations rather than remaining in individual wallets.Buterin has also proposed the creation of tokens for public funding, citing examples such as AntiCancerCoin and ClimateCoin for specific causes like cancer research and environmental protection. This idea promotes using token sales as a tool for public goods funding, offering a new approach to how cryptocurrencies can be leveraged for social impact.<a href="https://cryptotale.org/buterin-reaffirms-stance-on-token-proceeds-and-donations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Buterin Reaffirms Stance on Token Proceeds and Donations

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