The Ethereum Foundation has disclosed in a new report that it spent nearly $500 million to develop ecosystem projects in 2022 and 2023, demonstrating its commitment to building the Ethereum ecosystem. The foundation’s annual report 2024 reveals that as much as 497m USD was given to cover various projects and programs, while the Ethereum Foundation provided 240,300 000 USD, or 48.3% of the ultimate amounts.
In Ethereum’s report, several organizations contribute, including MakerDAO (now called Sky), Optimism, Gitcoin, Decentraland, Aragon, Uniswap, Starknet, MetaMask DAO, and Protocol Guild. These collaborations show that projects working on Ethereum are increasingly interdependent, whether they involve mutual protection to fend off threats or finding backers to bolster others’ financial health and contribute to the growth of the Ethereum ecosystem.
Ethereum Treasury Crosses $22 Billion
Besides the funds committed to project support, most tokens have considerable financial backing, with over $22bn in treasury. These reserves are with foundations, organizations, and decentralized autonomous organizations such as Optimism, Uniswap, Mantle, Arbitrum, Gnosis, Ethereum Name Service, and others, and these are essentially their tokens. The Ethereum Foundation alone currently has $970 million stashed in its treasury.
The report also explained that reserves include both liquid and vested assets and stressed that such solid financial support for Ethereum is proof of the “depth of resource” for sustainable development. The foundation’s staff added that even if the usage of these resources is not fully shown in the current situation, it will only support future initiatives and the ecosystem’s growth.
The Ethereum Foundation recently declared that a conflict of interest policy should be adopted to promote transparency and an ethical style of functioning. This new measure imposes new disclosure requirements on members of the foundation who invest more than $500,000 in assets other than Ether (ETH). It states that stakeholders who own material interest in enterprises that may give rise to conflict of interest in the policy shall be locked out of the decision-making process in those areas.
They seemed to agree with Aya Miyaguchi, the Executive Director of Ethereum Foundation, as she explained on X (formerly Twitter) that the policy’s introduction is to “reaffirm the integrity” within the organization and create a more trustworthy ecosystem.
The funding activities that are carried out for the Ethereum Foundation’s strategy have been enhanced by a strong treasury that shows its continued support to drive a sustainable and transparent environment in the decentralized ecosystem, plus the updated governance policies. The expansion of Ethereum to accommodate these resources and Governing Policies, which we forecast to be critical elements in the constantly evolving domain of the blockchain.
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