Vitalik: Ethereum Foundation Budget Cut by 40%, Shifting to Long-Term Fund Model

CoinFeed June 23 news, according to Vitalik Buterin's disclosure, the Ethereum Foundation (EF) will cut its budget by about 40% this year. According to its previously announced fiscal management plan, EF is transitioning from a model of spending about 15% of remaining funds annually to spending about 5% annually after 2030, transforming into a long-term oriented grant organization. To this end, EF will adjust its multi-client model, rely more on AI-assisted formal verification, the PSE privacy and scaling exploration team will shift from "exploration" to focused construction around zero-knowledge proofs, Devcon events will be scaled down and losses reduced, large projects beyond Ethereum itself will also be reduced, and EF institutional work will focus on smaller-scale but replicable CROPS-friendly deployment cases.