Ethereum and its Foundation
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According to the report, the Foundation spent a total of $48 million in research and development and grants to developers working on Ethereum during the financial year 2021.
The Foundation did not immediately respond to Decrypt’s request for comment.
At the time, Ethereum was trading at $1,900, before dropping a few months later. the following months.
Notably, the amount of ETH sold this morning is worth comparatively less at $2.76 million.