A new post came from Ethereum (ETH) co-founder Vitalik Buterin, who has positively affected the market and the price of the relevant altcoin with his posts and statements.
At this point, Buterin shared the Ethereum Foundation's 2023 expense breakdown and salary.
Ethereum co-founder Buterin shared a breakdown of the Ethereum Foundation's 2023 expenses in a post from his X account, explaining the basic spending categories.
The largest portion of the budget, 36.5%, was allocated to “New Foundations”, which includes organizations such as the Nomic Foundation, The DRC, L2Beat, and 0xPARC.
Significant investments were also made in tier-1 research and development (24.9%) and community development (12.7%).
Buterin Buterin also revealed that his annual salary is SGD 182,000 (approximately $134,000).
182,000 SGD per year
— vitalik.eth (@VitalikButerin) August 27, 2024
As is known, the Ethereum Foundation sold $94 million worth of ETH on Friday.
*This is not investment advice.
