Wartime Vitalik, DeFi Moves, and Milady Vibes—What's Up With the Ethereum Foundation?
Vitalik Buterin is leading significant changes at the Ethereum Foundation in response to community concerns about leadership focus and the stagnant ETH price. Complaints had arisen that the Foundation prioritized technical issues over engaging with the wider community. In a bid to improve public perception, the Foundation revamped its social media presence and is reportedly undergoing leadership changes. Buterin confirmed large organizational changes are in progress, emphasizing that Ethereum will not conform to pressures from social media or engage in aggressive lobbying. Recently, he embraced the NFT culture represented by the Milady collection, which led to him updating his profile picture. Furthermore, the Foundation announced a substantial investment of 50,000 ETH into the DeFi ecosystem, a move praised by DeFi leaders. Despite this, concerns about toxicity in the community persist, with Buterin defending the Foundation's staff against online criticism. He asserted that he alone will determine the new leadership direction, underpinning his commitment to fostering a healthier environment for Ethereum's evolution.
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