Ethereum ETH/USD co-founder Vitalik Buterin on Thursday announced he will donate all proceeds from his cryptocurrency holdings, including Ethereum and Layer 2 tokens, to support the Ethereum ecosystem and broader charitable causes.

In a strategic shift, Buterin also stated he would cease investing in new token projects, opting instead for direct donations to valuable initiatives.

“I haven’t sold and kept the proceeds since 2018,” Buterin stated on social media platform X, addressing recent community discussions about founder token sales.

He emphasized that all his past sales have funded “various projects that I think are valuable, either within the Ethereum ecosystem or…

Read more on Benzinga