The EF said it spent $48 million last year to continue its mission of growing the Ethereum ecosystem. “Approximately $20 million of this total was in the form of external spending, which includes grants, delegated domain allocations, third party funding, bounties, and sponsorships,” according to the report. “The remaining $28 million was used to fund teams and projects within the EF community.”
Source: https://www.coindesk.com/layer2/2022/04/27/so-what-if-the-ethereum-foundation-holds-fiat/?utm_medium=referral&utm_source=rss&utm_campaign=headlines