Ethereum co-founder Vitalik Buterin has disclosed his salary at the Ethereum Foundation—182,000 Singapore dollars (~$140,000) annually.
182,000 SGD per year
— vitalik.eth (@VitalikButerin) August 27, 2024
The community received the information positively. A user named Dark Crypto Larp noted that executives at other major organizations earn significantly more.
Wow that’s super low as compared to the remuneration of other big companies’ C-suite leaders.
Massive respect sir ?
— Dark Crypto Larp ? (@DarkCryptoLord) August 27, 2024
Buterin’s comment was made in response to information about an upcoming Ethereum Foundation report. The organization plans to share financial data for 2022 and 2023 ahead of the upcoming Devcon SEA event.
1. First, we’ve been working on a new EF report, covering 2022 and 2023. We’re expecting to publish it before Devcon SEA.
Here’s a preview of spend information from the upcoming report (exact figures TBD). pic.twitter.com/jicVHOy5r7
— Josh Stark (@0xstark) August 27, 2024
Foundation member Josh Stark attached an infographic of expenditures.
Internal costs account for about 38%, primarily related to research and development. External expenses make up 62%, directed towards grants to various organizations such as Nomic Foundation, Decentralization Research Centre, L2BEAT, and 0xPARC Foundation, aimed at strengthening the long-term growth and resilience of the Ethereum ecosystem.
Earlier, on August 9, an address associated with Ethereum co-founder Buterin, vitalik.eth, moved 3,000 ETH.