Ethereum Founder Confirms He Hasn’t Retained L2 Coin Proceeds Since 2018
Ethereum co-founder Vitalik Buterin has addressed speculation about his involvement in Layer 2 (L2) token projects, publicly clarifying his position on the matter.
On the “X” platform, Buterin confirmed that any profits he makes from L2 coins or any other projects are donated to the Ethereum ecosystem or for charitable purposes.
Buterin’s position on Layer 2 coins:
Buterin’s statement came in response to a comment from a user who pointed out that cryptocurrency founders have the right to make profits from their investments, given the significant role they play in developing these projects.
Buterin rejected this suggestion, indicating that his goal is to support projects that contribute to improving the Ethereum ecosystem, especially in areas that may not receive enough attention from others.
Buterin has confirmed that he has no plans to invest in layer two projects or other digital tokens in the near future, stressing that his dedication is focused on using his assets to promote Ethereum and support charitable causes.
He also contributed to relief efforts after the 2023 Turkey earthquake, donating
50 ETH to support humanitarian organizations.
