Vitalik Buterin reveals his non-ETH holdings and his other sources of revenue

Vitalik Buterin, Ethereum (ETH) co-founder, has publicized his crypto investments and stated that his investments are specifically committed to the Ethereum network, during a post declaration made on “Ask Me Anything” (AMA) Reddit thread on 18th Feb.

The AMA post was entirely devoted to the Ethereum leadership and responsibility thereby urging all the required details from the concerned members who are at the post of leadership within the ETH community. The post also urged them to give details about their possible conflicts of interest.

As per Buterin’s statement, his total holdings comprises of non-Ethereum ecosystem tokens which include Bitcoin Cash (BCH), Bitcoin (BTC), Dogecoin (DOGE) and Zcash (ZEC) that account for less than 10 percent of the value of his Ethereum holdings. Buterin disclosed information about his holding that exceeds 350,000 ETH which is estimated to be around $51 million.

Additionally, a series of non-ETH Ethereum ecosystem tokens which consists of Kyber (KNC), OmiseGo (OMG), Maker (MKR), (OMG) and Augur (REP) was also reported, cumulatively with a worth of less than 10 percent of Buterin’s Ethereum (ETH) holdings.

Buterin stated during this period that “I’d definitely support more people actively involved in protocol decision-making making such statements.”

He also exposed on the AMA that he possesses “significant corporate shareholdings” in the blockchain research and development firm Clearmatics and even in Starkware, which is a scalability and privacy focused blockchain startup. The Starkware in also involved in designing and developing cryptographic technology such as zero-knowledge proofs, of which Buterin is a verbal supporter.

Apart from disclosing his investment, Buterin further added that his revenue from external sources for the last 12 months, apart from the Ethereum Foundation, was from his advisory role for the tokens revealed in his holdings.

Vitalik also explained about his involvement in various blockchain projects that includes the ecosystem for the abovementioned tokens and other non-token-based Ethereum-related organizations; such as L4, Plasma Group, EthGlobal and EDCON. He added that his involvement in such projects was all of non-financial in nature.

As per reports he has also participated in various non-token-based and non-Ethereum organizations such as “mainly professional cryptography and economics circles” which he didn’t talk about.

According to recent reports, Vitalik has been involved in an Ethereum developers forum to develop new smart contract creation feature which is scheduled to be launched in the upcoming Constantinople hard fork.

Though few community members had raised their anxiety about the features that may create negative security implications, Buterin disagreed for such claims and stressed on the requirement to develop the feature in question with a longer time frame in mind.

Leave a Reply

Copyright © 2020. Coinatlast. All Rights Reserved.