Vitalik Buterin Pledges Ethereum Proceeds to Charity, Avoids Layer 2 Investments
– Vitalik Buterin commits proceeds from Layer 2 to Ethereum and broader charities.
– No plans to invest in Layer 2 or other token projects in the future.
– Donations will focus on public goods like biomedical research and Ethereum development.
– Vitalik emphasizes supporting undervalued projects for the ecosystem’s growth.
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Ethereum co-founder Vitalik Buterin has made it clear that he has no plans to invest in Layer 2Â or other token projects in the future. Instead, Buterin remains committed to supporting the Ethereum ecosystem and contributing to broader charitable causes.
In a recent interaction on social media, reported by BlockBeats on September 6, Buterin reiterated his focus on funding initiatives that promote public goods. Specifically, he plans to allocate all proceeds from Layer 2 projects to initiatives within the Ethereum ecosystem or charitable causes such as biomedical research and development.
No Investments in Layer 2 or Token Projects
Buterin also emphasized that he has no intention of investing in Layer 2 solutions or other token-based projects moving forward. His goal is not profit-driven but aimed at supporting causes he believes are undervalued by other parts of the ecosystem.
His commitment to funding essential projects, often overlooked by others, highlights his desire to ensure Ethereum’s growth and the sustainability of other vital areas like healthcare research.
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Vitalik Buterin’s stance is clear: he is more focused on philanthropy and public goods rather than expanding his personal investments in the crypto space. His decisions underline a long-term vision of supporting Ethereum and impactful charitable causes, showing his continued dedication to creating a better world both within and beyond the blockchain community.