Vitalik Buterin commits roughly $45 million in ETH to open-source security and privacy projects
Vitalik Buterin committed 16,384 ETH, worth about $45 million, to fund open-source security and public technology initiatives.Summary
Ethereum co-founder Vitalik Buterin has allocated 16,384 ETH, valued at approximately $45 million, to personally finance a range of open-source security and public technology projects. This move follows the Ethereum Foundation entering a "period of mild austerity," with Buterin framing the contribution as his "own share of the austerity" while taking on responsibilities for special projects. The funds are designated for building an "open-source, secure and verifiable full stack" encompassing finance, communication, governance, operating systems, secure hardware, and biotech applications. Buterin plans to explore secure decentralized staking to fund these projects long-term. This commitment aligns with his broader vision for 2026, focusing on reclaiming self-sovereignty, improving onchain privacy (like private payments with public UX), and advancing decentralized social media.
(Source：The Block)