- Vitalik Buterin donates 200 ETH to Animal Welfare Fund via Kraken, affirming his commitment to philanthropy.
- Animal Welfare Fund improves animal conditions, supporting research and initiatives for rights and welfare enhancement.
Ethereum cofounder Vitalik Buterin recently transferred 200 ETH (approximately $532,000) to the Kraken exchange. This sparked widespread speculation about his intentions.
However, Buterin has since clarified the reason behind the transaction on social media, stating it was a charitable donation to the Animal Welfare Fund.
Buterin’s commitment to philanthropy is well-documented, and his latest gesture aims to support animal welfare through specific grants. The Animal Welfare Fund is dedicated to improving the conditions of animals by financing research and initiatives that advocate for animal rights and welfare.
Charity donation done, covering all animal coins from the past year or so!
That said, I appreciate it if coin holdings just get allocated to the charities directly😊
It's 2024, we can start doing more sophisticated public goods fun-ding, eg. see https://t.co/8ZVhwkVwLy pic.twitter.com/RQ1ThdLCYL
— vitalik.eth (@VitalikButerin) August 15, 2024
Among the projects supported are those enhancing the well-being of farmed fish, advancing alternative proteins, and eliminating cruel practices in the agriculture sector.
The fund, which distributes several million dollars in grants, is supported by contributions from individual donors like Buterin and major institutional donors. Open Philanthropy, a renowned research and grantmaking foundation based in San Francisco, California, stands out as its largest institutional supporter.
This is not Buterin’s first foray into philanthropy. The Canadian programmer has a history of supporting various causes. Last month, he donated $300,000 to the 2077 Collective, an entity promoting Ethereum adoption.
Ethereum co-founder vitalik.eth transferred 100 ETH worth about $300,000 to the multi-signature contract: 0x82…a9FE at 19:44 UTC+8 today, which is suspected to be a donation to 2077 Collective. 2077 Collective is a community-driven organization dedicated to promoting Ethereum…
— Wu Blockchain (@WuBlockchain) July 6, 2024
Additionally, he is known for his substantial donation of Shiba Inu (SHIB) tokens to various charitable organizations.
Buterin’s actions reflect a growing trend of using cryptocurrency wealth for philanthropic purposes, showcasing a commitment to leveraging blockchain technology for social good.
His approach not only aids targeted causes but also sets a precedent for how influential figures in the tech community can direct their influence toward positive societal impacts.
