According to Odaily, Anthony Sassano, founder of The Daily Gwei, recently expressed his views on X regarding the Ethereum Foundation (EF). Sassano highlighted that EF is one of the best-managed and most legitimate entities within the crypto ecosystem. He acknowledged the desire for greater transparency in fund allocation, a sentiment he shares, but emphasized that the funds are not being wasted. Instead, they are used to further the development of the Ethereum ecosystem and support many critical projects that might otherwise lack funding due to inconsistent incentives.
Sassano urged the community to continue advocating for increased transparency from EF but to do so constructively, in a manner that benefits the ecosystem. He pointed out that criticizing EF for spending $100 million annually, which is negligible compared to Ethereum's market value, is not productive. Previously, EF Executive Director Aya Miyaguchi mentioned that the foundation's annual budget is $100 million. Former EF employee Hudson Jameson also commented on X, stating that the $100 million annual budget is not unreasonable. He explained that the difficulty in understanding this figure stems from the foundation's structure and philosophy, which do not lend themselves to consolidating every project and initiative into a single framework.
