Ethereum faces core development funding crisis, former contributor warns
The warning comes as the Ethereum Foundation reduces spending, adjusts its treasury strategy and undergoes a wave of leadership departures.
Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months.
The former contributor wrote in a blog post on Thursday that the Ethereum Foundation’s spending reduction and the expiration of the Client Incentive Program in April left the network’s core development ecosystem requiring about $30 million in annual funding.
Citing recent conversations with core development contributors, Epps said Ethereum risks entering a “slow-burning funding crisis.”