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Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary


by CoinEdition
Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary
  • Vitalik Buterin disclosed that 36.5% of the Ethereum Foundation’s 2023 budget was allocated to new foundations.
  • Buterin’s annual salary is set at SGD 182,000, approximately $134,000, providing transparency on Ethereum’s financial operations.
  • Ethereum’s market shows mixed signals with a 4.94% price drop and a 62.47% rise in options trading volume.

Ethereum (ETH) co-founder Vitalik Buterin shared new information about the Ethereum Foundation’s 2023 expenses and his own salary. Buterin, known for influencing the market with his posts, provided a detailed breakdown of the Foundation’s spending.

In a post on his X account, Buterin outlined the primary spending categories. The largest portion; 36.5%, was allocated to “New Foundations,” including organizations such as the Nomic Foundation, The DRC, L2Beat, and 0xPARC. Besides this, investments were directed towards tier-1 research and development, accounting for 24.9% of the budget, and community development, which received 12.7%.

Buterin also disclosed his annual salary, set at SGD 182,000, equivalent to approximately $134,000. This…

The post Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsVitalik Bute...

Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary


by CoinEdition
Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary
  • Vitalik Buterin disclosed that 36.5% of the Ethereum Foundation’s 2023 budget was allocated to new foundations.
  • Buterin’s annual salary is set at SGD 182,000, approximately $134,000, providing transparency on Ethereum’s financial operations.
  • Ethereum’s market shows mixed signals with a 4.94% price drop and a 62.47% rise in options trading volume.

Ethereum (ETH) co-founder Vitalik Buterin shared new information about the Ethereum Foundation’s 2023 expenses and his own salary. Buterin, known for influencing the market with his posts, provided a detailed breakdown of the Foundation’s spending.

In a post on his X account, Buterin outlined the primary spending categories. The largest portion; 36.5%, was allocated to “New Foundations,” including organizations such as the Nomic Foundation, The DRC, L2Beat, and 0xPARC. Besides this, investments were directed towards tier-1 research and development, accounting for 24.9% of the budget, and community development, which received 12.7%.

Buterin also disclosed his annual salary, set at SGD 182,000, equivalent to approximately $134,000. This…

The post Vitalik Buterin Reveals Ethereum Foundation’s 2023 Expenses and His Salary appeared first on Coin Edition.

Read the article at CoinEdition

Read More

The S&P, Bitcoin Dominance, and a Brewing Altcoin Setup – Here’s What’s at Stake

The S&P, Bitcoin Dominance, and a Brewing Altcoin Setup – Here’s What’s at Stake

Right now, one of the biggest things traders are watching is Bitcoin dominance, and h...
Why ZKsync’s founder believes Ethereum’s real strength lies in staying neutral

Why ZKsync’s founder believes Ethereum’s real strength lies in staying neutral

Alex Gluchowski, founder of ZKsync and CEO of Matter Labs, believes Ethereum continue...