The Ethereum Foundation (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives.The report highlighted the organization’s budget breakdown, spending from recent years, and new policies designed to foster transparency and integrity across the Ethereum ecosystem.Treasury holdingAs of Oct. 31, 2024, the EF’s treasury totaled approximately $970.2 million, comprising $788.7 million in crypto—primarily ETH—and $181.5 million in non-crypto investments.Ethereum Foundation Treasury Reserve (Source: Ethereum Foundation)EF’s said its ETH holdings represent around 0.26% of Ethereum’s total supply as of Oct. 31. These substantial ETH reserves reflect the Foundation’s confidence in Ethereum’s long-term potential and its commitment to maintaining a strong presence within the network.The EF clarified that its treasury serves as a financial backbone for essential projects within the Ethereum ecosystem. The Foundation periodically converts a portion of its ETH holdings to fiat currency, especially during market upswings, to ensure adequate resources during market downturns.Ecosystem treasuryBeyond EF’s holdings, Ethereum’s ecosystem benefits from over $22 billion in combined treasury assets held by various foundations, organizations, and DAOs.The treasuries primarily comprise the native tokens of crypto projects like dYdX, Aave, Polygon, The Graph, Optimism, Uniswap, Mantle, Arbitrum, Lido, Gnosis, and the Ethereum Name Service.Ethereum Ecosystem Treasury (Source: Ethereum Foundation)The report emphasizes that even a small allocation from these treasuries would provide significant resources to sustain and grow the Ethereum ecosystem over the long term.Ecosystem fundingThe Ethereum Foundation and ecosystem partners allocated nearly $500 million to ecosystem projects across 2022 and 2023.EF contributed $240.3 million (48.3% of total funding), with the remaining support from organizations like MakerDAO (rebranded as Sky), Optimism, Gitcoin, Decentraland, Aragon, Uniswap, Starknet, MetaMask DAO, and Protocol Guild.Ethereum Ecosystem Funding (Source: Ethereum Foundation)This collective funding emphasizes the collaborative nature of Ethereum’s ecosystem, driving innovation and support for builders within the community.EF Director Aya Miyaguchi emphasized that this funding approach parallels Ethereum’s decentralized research and development processes, which encourage collaboration and resource-sharing projects. She stated:“Proud to say that ecosystem funding is a shared effort today, much like Ethereum’s RD process, which helps builders across the Ethereum ecosystem find more paths to keep innovating.”Conflict of interest policyTo strengthen its transparency, the Ethereum Foundation has implemented a conflict of interest policy, mandating disclosure for investments e to strengthen its transparency exceeding $500,000 (excluding ETH).The policy aims to prevent potential conflicts among EF members by excluding them from relevant decisions if they are highly exposed to related assets

FLock.io secures academic grant from Ethereum Foundation to advance blockchain-driven AI research.

In brief Vitalik Buterin said he receives approximately $140,000 from the Ethereum Foundation annually.The Ethereum Foundation's executive director recently said the organization's 2024 budget is $100 million.The Swiss-based nonprofit is expected to release a new spending report in the coming months.Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEEthereum co-founder Vitalik Buterin said Tuesday that the Ethereum Foundation pays him an annual salary of around $140,000, as the organization centered around Ethereum’s developers and researchers prepares a new spending report amid public scrutiny of its budget.The Canadian programmer helped establish the Swiss-based nonprofit in 2014, which supports Ethereum’s ecosystem through research, grants, and events. Regarded as one of the crypto industry’s centric visionaries, Buterin sits on the Ethereum Foundation’s executive board alongside two other members, who help guide the organization’s initiatives.Buterin disclosed his salary on Twitter (aka X) while sharing a snippet of an upcoming report, which breaks down the Ethereum Foundation’s spending through 2022 and 2023. Buterin divulged his salary in the form of Singapore dollars, totaling 182,000 in the nation’s currency—about $140,000 worth in U.S. dollars.182,000 SGD per year — vitalik.eth (@VitalikButerin) August 27, 2024ADADThe Ethereum Foundation describes itself as “part of a larger community of organizations and individuals that fund protocol development” on its website. Notably, the organization has maintained since its inception that it does not own or control Ethereum’s network.Buterin’s disclosure comes amid newfound scrutiny toward the Ethereum Foundation’s current use of funds