According to Odaily Planet Daily, Vitalik Buterin announced an update on the Ethereum Foundation's spending information provided by Josh Stark of the Ethereum Foundation on the X platform.

Vitalik Buterin explained that the “new institution” type includes projects such as Nomic Foundation, 0xPARC, L2BEAT, and joked that “there is no insect protein research at the World Economic Forum here.”

More information will be released soon.