Summary of Key Points:
- Vitalik Buterin discloses annual salary and upcoming report on Ethereum Foundation’s activities.
- Ethereum Foundation’s allocation of resources and focus on supporting “New Institutions”.
- Significant investments in layer-1 research and development for Ethereum’s mainnet upgrades.
Vitalik Buterin’s Salary Disclosure:
Vitalik Buterin revealed that he earns approximately $139,000 annually as a member of the Ethereum Foundation, despite his significant holdings in ETH. He has not sold Ether tokens for personal gains since 2018, maintaining a net worth close to $1 billion as of June 2024.
Ethereum Foundation’s Resource Allocation:
In 2023, 36.5% of the Ethereum Foundation’s resources were dedicated to supporting “New Institutions,” showcasing increased backing for Ethereum-adjacent initiatives. This category includes grants to organizations like the Nomic Foundation, Decentralized Research Center, and others aligned with Ethereum’s long-term vision.
Focus on Layer-1 Research and Development:
The Ethereum Foundation prioritizes layer-1 research and development, focusing on on-chain testing and upgrades for Ethereum’s mainnet. Recent grants have supported projects like the Dencun update, emphasizing the organization’s commitment to advancing Ethereum’s technological capabilities.
