Vitalik Buterin disclosed that 36.5% of the Ethereum Foundation’s 2023 budget was allocated to new foundations.
Buterin’s annual salary is set at SGD 182,000, approximately $134,000, providing transparency on Ethereum’s financial operations.
Ethereum’s market shows mixed signals with a 4.94% price drop and a 62.47% rise in options trading volume.
Ethereum (ETH) co-founder Vitalik Buterin shared new information about the Ethereum Foundation’s 2023 expenses and his own salary. Buterin, known for influencing the market with his posts, provided a detailed breakdown of the Foundation’s spending.
In a post on his X account, Buterin outlined the primary spending categories. The largest portion; 36.5%, was allocated to “New Foundations,” including organizations such as the Nomic Foundation, The DRC, L2Beat, and 0xPARC. Besides this, investments were directed towards tier-1 research and development, accounting for 24.9% of the budget, and community development, which received 12.7%.
182,000 SGD per year
— vitalik.eth (@VitalikButerin) August 27, 2024
Buterin also disclosed his annual salary, set at SGD 182,000, equivalent to approximately $134,000. This…
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