Vitalik Buterin to donate all crypto proceeds for charity

On Thursday, Ethereum co-founder Vitalik Buterin announced a significant shift in his approach to cryptocurrency investments. He declared that he would donate all proceeds from his cryptocurrency holdings, including Ethereum and Layer 2 tokens, to support both the Ethereum ecosystem and various charitable causes. This decision comes after years of maintaining his assets without selling them, with past sales funding projects he deemed valuable, particularly in biomedical research and the Ethereum community. Buterin emphasized that he would cease investing in new token projects, opting instead for direct donations to initiatives he believes are beneficial. He expressed a desire to support projects that may be undervalued by the broader ecosystem, indicating a commitment to public goods within the Ethereum space. His decision reflects a strategic pivot towards philanthropy rather than profit. In his social media statements, Buterin addressed community concerns regarding founder token sales, asserting that his past actions have always aimed to support valuable projects. He believes that by taking a clear stance on donations, he can enhance confidence in his commitment to the Ethereum protocol and avoid any perception of self-interest in the ecosystem. This announcement is expected to generate considerable discussion at the upcoming Future of Digital Assets event on November 19, where the implications of Buterin's decision on the cryptocurrency landscape will likely be a focal point.