PANews reported on November 8 that the Ethereum Foundation (EF) released its 2024 report, emphasizing that its core values include long-term thinking, decentralization, and value protection. The report shows that EF's expenditure in 2023 will reach US$134.9 million, of which 37.2% will be used for internal operations, 35.2% will support the development of new institutions, and 25.7% will be invested in L1 research and development. EF holds US$970 million in assets and implements a conservative financial strategy to cope with market fluctuations. The report also introduces ecosystem organizations funded by EF, including the Nomic Foundation, L2BEAT, and 0xPARC. In addition, EF has implemented a conflict of interest policy to ensure that its actions are in the long-term interests of the Ethereum ecosystem.
Of EF's $970.2 million in assets, $788.7 million is in crypto assets, and $181.5 million is in non-crypto investments and assets. 99.45% of crypto holdings are held in the form of ETH. These ETH account for 0.26% of the total ETH supply on October 31, 2024.
