Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation's budget has been cut by 40% this year, as it transitions to a long-term investment-oriented endowment fund with spending ratios dropping from 15% to 5%.
Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation's budget has been cut by 40% this year, part of a transition into a long-term investment-oriented endowment fund. Under the new financial policy, the foundation's annual expenditure will drop from about 15% of remaining funds before 2026 to around 5% after 2030. The adjustment aims to reduce short-term consumption and strengthen capital durability for supporting the Ethereum ecosystem's long-term development.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
