Revealing the nobility of his heart, Ethereum co-founder Vitalik Buterin announced his plan to donate all his Layer 2 and project tokens to support public goods within the Ethereum ecosystem as well as broader charitable causes. His action came as a rebuke to those who quipped his plan to sell assets was a selfish means to gain personal profit.
Here’s what makes this move so noteworthy!
Buterin’s Important Projects
Buterin has stated that his main goal is to support important projects. While he will likely concentrate on Ethereum-related initiatives, he has also made it clear that he is open to supporting causes outside the Ethereum ecosystem.
Buterin recently donated $500,000 to an animal welfare charity, with at least $100,000 of that amount coming from the sale of Neiro tokens.
Clarifying Allegations
Earlier, Buterin faced a serious allegation that he sold at least $2 million worth of Ether for his personal gain. Soon after the allegation shook the crypto environment, Buterin came out with his clarification that none of his sales were intended for personal gains but to either fund charitable ventures or support Web3 projects.
A Bold Commitment to Public Good
With an estimated net worth of nearly $1 billion, Buterin’s commitment to using his wealth for the public good is a significant statement within the cryptocurrency world. His plan to use his tokens for charitable purposes is expected to inspire others who have benefited from the cryptocurrency space.
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