According to Odaily Planet Daily, Anthony Sassano, founder of The Daily Gwei, wrote in an article on X that the Ethereum Foundation (EF) is one of the best managed entities in the crypto ecosystem and one of the most legitimate institutions.
He understands that people want more transparency on where the funds go, but the money is used to further manage the development of the Ethereum ecosystem and to fund many key projects. Spending $100 million a year is insignificant relative to Ethereum's market value.
Previously, Hudson Jameson, a former employee of the Ethereum Foundation, said that the foundation’s annual budget of about $100 million is not crazy, and the foundation’s structure and philosophy make it difficult to concentrate all plans in one place.
