In 2021, the nonprofit Ethereum Foundation (EF) spent $48 million in capitalization on the development of the ecosystem of the second largest cryptocurrency. According to a report by Yapi, the value of assets on its balance sheet reached $ 1.6 billion. .

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About $20 million of the funds spent was allocated in the form of grants, delegated space allocations, third-party funding, rewards programs, and sponsorships. The remaining $28 million came from investments in teams and community projects.

EF noted that funds spent can be divided into six main categories:

• mainnet research and development – $21.8 million;
• research and development of second-level solutions – $1.9 million;
• applied research and development on zero-knowledge protocol – $3.6 million;
• Strengthening Ethereum as a platform for developers – $5.9 million
• Ethereum community developments – $9.7 million;
• EF internal operations – $5.1 million

According to the report, as of March 31, 2022, EF had $1.6 billion in assets on its balance sheet – $1.3 billion in cryptocurrencies and $300 million in “non-crypto investments and assets.”

The organization emphasized that more than 99% of cryptocurrency reserves are in ETH. These funds include 39,168 ETH allocated to the Client Incentive Program. The initiative includes rewarding teams that develop client applications based on Ethereum.

Recall that in October 2021, the NEAR Protocol team created an $800 million fund to develop the ecosystem.