Ethereum $2,916 The Foundation published its 2024 report and announced that it had a treasure worth 970 million dollars. The report highlighted the Foundation’s existing teams, grantees, and efforts to develop the Ethereum ecosystem. Foundation manager Aya Miyaguchi provided a clear understanding of the Foundation’s impact on the Ethereum market.
Ethereum Foundation 2024 Report
Aya Miyaguchi, general manager of the Ethereum Foundation, announced the report on the X platform on November 8 and provided important information about the Foundation’s latest work. According to the report, there are many teams in the operational area of EF (Ethereum Foundation). These teams carry out various studies to contribute to the Ethereum ecosystem.
The report also noted that the Foundation established a conflict of interest policy this year. This policy sets boundaries to help EF team members manage their relationship with the ecosystem. The Ethereum Foundation announced that the policy will be reviewed after one year for feedback and possible changes. This policy change is likely related to this policy change, where foundation participants joined different crypto projects as advisors and then recently left their roles there due to the risk of conflict of interest.
Treasury Distribution and Crypto Investments
The Foundation stated that as of October 31, $788.7 million of its total treasury consisted of crypto assets and $181.5 million consisted of non-crypto investments and assets. The fact that most of the treasury is held in ETH has raised concerns among market participants. 99.45% of the foundation’s crypto assets account for 0.26% of the total ETH supply.
“The Ethereum ecosystem is supported by billions of dollars secured in treasuries owned by foundations, organizations, and DAOs.”
EF grants also play an important role in increasing work in the ecosystem. These grants are approved and evaluated by Foundation teams and support organizations such as Argot Collective, Geodework, L2BEAT, Nomic Foundation and 0xPARC, for example.
The Ethereum Foundation’s 2024 report reveals the Foundation’s strong position in the Ethereum market and its contributions to the ecosystem. While the weight of ETH in the treasury attracts attention in the market, the sustainability of the ecosystem continues to be supported with new policies and grants. The Foundation’s Ether holdings are quite small compared to the total supply.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.