The post Vitalik Buterin contributes about $300,000 to the 2077 Collective appeared on BitcoinEthereumNews.com.

Recent WuBlockchain data on X suggests that Ethereum’s co-founder Vitalik Buterin transferred 100 ETH to a multisig address on July 6. Many crypto observers on X suspected that the money, amounting to approximately $300,000, went to 2077 Collective. 2077 Collective later confirmed the transaction, expressing appreciation for the donation. Dubbed Ethereum’s Unofficial Marketing Department, 2077 Collective is an organization of like-minded people who hope to brighten Ethereum’s future. Given Vitalik’s previous donations to projects that improve Ethereum, crypto enthusiasts believe the move shows Buterin’s dedication to pushing Ethereum adoption. Also read: Vitalik Buterin criticizes U.S. for promoting ‘useless’ projects  The organization launched its official website on June 28, encouraging people to support its cause. The announcement received many positive replies, with many people saying they were looking forward to it.  2077 Collective hopes to build a team of users, developers, marketers, and others to create tangible solutions on the Ethereum blockchain. Some of its supporters include MegaETH, StarkNet, EigenLayer, and Spire Labs. Vitalik’s donation is one of the largest he has made in 2024, with the other significant one going to Tornado Cash developers’ legal fund. Data from Etherscan on May 30 showed that Buterin transferred 30 ETH to the ‘Free Alexey and Roman’ legal fund. Tornado Cash got into several legal battles concerning money laundering allegations. 2077 Collective’s mission is ‘making Ethereum cool again’ 2077 Collective marked its launch by discussing the organization’s core values and what it hopes to achieve. The organization acknowledged the issues the crypto community and members of 2077 Collective have aired about Ethereum.  One issue raised was Ethereum’s marketing shortcomings. Emmanuel Awosika, a researcher at 2077 Collective, mentioned that the network’s marketing team needed to step up. He applauded efforts by chains like Arbitrum to market what its developers are building.  “While Ethereum blockchain…

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Filed under: News - @ July 7, 2024 11:10 pm