According to BlockBeats, on September 6, Ethereum co-founder Vitalik Buterin stated on social media that all proceeds from his Layer 2 project will be donated to support public products within the Ethereum ecosystem or broader charities.

He said he does not plan to invest in Layer 2 or other token projects in the foreseeable future. His goal in funding projects is to support things he believes are valuable, especially when other parts of the ecosystem may undervalue them.