The post Vitalik Buterin Breaks Silence: Why He’s Donating His Layer 2 Tokens to Charity! appeared first on Coinpedia Fintech News
Revealing the nobility of his heart, Ethereum co-founder Vitalik Buterin announced his plan to donate all his Layer 2 and project tokens to support public goods within the Ethereum ecosystem as well as broader charitable causes. His action came as a rebuke to those who quipped his plan to sell assets was a selfish means to gain personal profit. Here is what you should know about this commendable act!
Vitalik’s Focus on Public Goods and Charity
The Ethereum co-founded asserted that his only goal is to support valuable projects. Though he is likely to give more focus to projects in the Ethereum space, there are clear indications in his statement that he has no intention of limiting his charity activities to the Ethereum ecosystem.
In the recent past, he made a hefty donation of $500,000 to an animal welfare charity. At least $100,000 of the total money he donated came from the sale of Neiro tokens.
Accusations against Ethereum Co-Founder
Earlier, Buterin faced a serious allegation that he sold at least $2 million worth of Ether for his personal gain. Soon after the allegation shook the crypto environment, Buterin came out with his clarification that none of his sales were intended for personal gains but to either fund charitable ventures or support Web3 projects.
Buterin’s Commitment to Society
The statement made by Buterin, a person with an astonishing personal net worth of nearly $1 billion, was one of the boldest statements ever made advocating the admirable concept of using hard-earned money for public good. The Ethereum co-founder’s plan to support public goods through his personal token holdings is likely to encourage many who have achieved success using the possibilities offered by the cryptocurrency landscape.
Also Read: Binance CZ Banned for Life After $50M Fine and Jail Time
