Vitalik Buterin Allocates $45M in Ethereum for Privacy Innovations

Vitalik Buterin has set aside $45 million in ETH to support advancements in privacy and open technology while the Ethereum Foundation adopts a frugal approach.

In a significant initiative, Vitalik Buterin has allocated $45 million in Ethereum (ETH) to bolster advancements in privacy technologies and open-source innovations. This decision coincides with the Ethereum Foundation's shift towards a phase of "mild austerity" as it remains committed to its foundational technical roadmap, according to Buterin.