Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary

  • 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…

The post Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary appeared first on Coin Edition.

#ETH