TL;DR:
- ๐ Ethereum co-founder Vitalik Buterin donated approximately $530,000 worth of "animal coins" to the Effective Altruism Fundsโ Animal Welfare Fund.
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- ๐โ๐ฆบ These tokens were sent to Buterin over the past year by various crypto projects.
- ๐ฐ Buterin sold 200 ETH worth of these memecoins to make the donation.
- ๐ง He advocates for more sophisticated public funding mechanisms in the crypto space.
- ๐ก Buterin suggested creating charity-focused tokens and meaningful crypto games as alternatives to meme coins.
๐ข Full Story:
๐ธ Vitalik Buterin has once again demonstrated his commitment to using crypto for good. He recently donated $530,000 in "animal coins" to the Effective Altruism Fundsโ Animal Welfare Fund.
๐ธ These tokens were sent to his wallet over the past year by various projects, often as a marketing tactic or to include him in their community. Buterin sold 200 ETH worth of these tokens to make the donation, which he announced on August 15, 2024.
๐ธ Buterin emphasized that, while he appreciates the gesture, itโs more effective for communities to donate directly to charities rather than sending tokens to high-profile figures.
๐ธ He called for more advanced public funding models in the crypto space, suggesting the creation of charity-focused tokens like โAntiCancerCoinโ or โClimateCoinโ and developing crypto games that benefit both players and charitable causes.
๐ธ This approach could provide a more meaningful alternative to the proliferation of meme coins that often lack a significant purpose.
๐ธ ๐ Just last week, Buterin transferred 3,000 ETH (around $8.05 million) to a multi-signature wallet, leading to speculation about another possible donation.
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