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Web3 Development

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Ethereum Foundation's 40% Budget Cut: What Vitalik's Endowment Model Means for Web3 Developers
ethereum

Ethereum Foundation's 40% Budget Cut: What Vitalik's Endowment Model Means for Web3 Developers

The Ethereum Foundation is slashing its budget by 40%, laying off roughly 54 employees, and dismantling its standalone PSE unit. Here is what Vitalik Buterin's lean-endowment model means for the future of Ethereum development and why crypto's biggest names are feeling bullish.
25 Jun 2026 5 min read
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