As attention turned to the Ethereum Foundation’s expenditures, Vitalik Buterin disclosed his annual salary and pointed to an upcoming report detailing the organization’s activities.

Vitalik Buterin revealed on social media that he earns approximately $139,000 annually as a member of the Ethereum Foundation. Despite holding significant ETH assets, which brought his net worth close to $1 billion as of June 2024, Buterin has not sold Ether tokens for personal gain since around 2018.

Buterin’s disclosure came amid discussions on social media about the Ethereum Foundation’s resource allocation. Stakeholders raised questions regarding the gas fees collected by the non-profit organization, which is dedicated to advancing Ethereum’s general ecosystem.

In response, Buterin and fellow Ethereum Foundation member Josh Stark provided a preview of the foundation’s priorities. They mentioned that the full report would be released before Devcon SEA, a four-day event scheduled for November in Bangkok, Thailand.

Updates from @0xstark on EF spending. The key info is in this chart. The “new institutions” category basically means @NomicFoundation, @TheDRC_, @l2beat, @0xPARC etc – no World Economic Forum insect protein research here! More info has been and will be published.

According to initial data, 36.5% of the Ethereum Foundation’s resources in 2023 were focused on supporting “New Institutions.” In 2022, this category accounted for 23.8% of EF’s budget, indicating increased support for Ethereum-adjacent initiatives.

Buterin explained that this category included grants to organizations like the Nomic Foundation, the Decentralized Research Center, layer-2 analytics provider L2Beat, the 0xPARC Foundation, and other entities designed to support Ethereum’s long-term vision.

The second-largest allocation was for layer-1 research and development, which covers on-chain testing and upgrades for Ethereum’s mainnet, such as the Dencun update earlier this year. Stark also noted that the EF has issued several grants to internal teams like Geth and disbursed over $11.4 million to external teams in Q1 2024.

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