Vitalik Buterin Withdraws $44.7M in ETH to Support Ethereum Growth Through Mild Austerity

In brief

• Vitalik Buterin has withdrawn $44.7 million of his own ETH as he declares that the Ethereum Foundation is entering a period of “mild austerity” over the next few years.
• The funds will be used to support Ethereum’s growth and development, with funding focusing on genuine utility, and avoiding “Ethereum everywhere” hyperbole.
• Experts suggest that increased funding from Buterin may be necessary at a time when the wider market is prioritizing real-world assets, stablecoins and other…