Ethereum Co-Founder Buterin Unveils True Motive for Recent Transaction
Ethereum’s co-founder, Vitalik Buterin, recently shed light on the purpose behind a significant ETH transfer that occurred earlier. Buterin clarified the reason for sending 200 ETH, equivalent to about $532,000, to the Kraken exchange. This move captured the attention of the cryptocurrency community, sparking speculation about Buterin’s motives.
It has now been revealed that the transfer was a charitable donation to the Animal Welfare Fund. Buterin emphasized the importance of directing coin holdings directly to charities. The Animal Welfare Fund focuses on enhancing animal well-being through grants that support research in animal advocacy and aid neglected animal groups, among other initiatives.
Projects eligible for funding from the Animal Welfare Fund include initiatives to improve farmed fish welfare, promote alternative proteins, and combat cruel practices in the agriculture sector. The fund has already recommended grants totaling millions of dollars, with financial support coming from both individual and institutional donors. Open Philanthropy, a research and grantmaking foundation in San Francisco, is the fund’s largest institutional donor.
Vitalik Buterin is recognized for his philanthropic endeavors. In a previous instance, he made a substantial $300,000 donation to the 2077 Collective, an organization dedicated to advancing Ethereum adoption. Buterin is also known for donating a significant portion of his Shiba Inu (SHIB) holdings to charitable causes.
Buterin’s actions underscore his commitment to supporting charitable causes within the cryptocurrency community. His recent donation to the Animal Welfare Fund exemplifies his ongoing efforts to contribute positively to society through his influence and resources.
