Fundraising Fox

The Ethereum Foundation

also invests · investor profile

262 employees on LinkedIn · 27 known investors

ethereum.org is a public, open-source educational resource and community portal for the Ethereum blockchain network, maintained by a core team and thousands of global contributors. The site serves as an onboarding portal and knowledge hub for developers, users, and those new to Ethereum and cryptocurrency.

Also known as EF · Ethereum Foundation · ethereum.org

Founders & leadership

AMAya Miyaguchi
Aya MiyaguchiinFounder

Investors · 27

Company profile

researched Aug 2026

The Ethereum Foundation (EF) is a non-profit organization that supports the Ethereum ecosystem. It funds core protocol development, research and ecosystem growth, and advocates for Ethereum, but it does not control or lead the network and is not the only organization funding critical Ethereum-related development. The EF describes itself as neither a technology company nor a conventional non-profit, and has evolved into what it characterizes as a community of teams rather than a single traditional organization. It was funded initially by the crowdsale of ETH and operates under Swiss law.

The EF's activities span three main areas: protocol development (supporting client teams, research, network upgrades and a bug bounty program), ecosystem funding through the Ecosystem Support Program, and funding of research across cryptography, consensus, scaling, privacy and security. Its programs include the Ecosystem Support Program, Academic Grants, Devcon (the annual conference for Ethereum developers, researchers and builders) and the Bug Bounty Program. The EF Mandate, published onchain, defines the Foundation's purpose and enshrines censorship resistance, open source, privacy and security (the "CROPS" principles) as non-negotiable priorities.

The Foundation funds and staffs ethereum.org, a public, open-source website and educational resource for the Ethereum community. The site is led by a small core team with contributions from thousands of community members worldwide, is built under an MIT license, and publishes its product roadmap publicly. Its stated mission is to act as an onboarding portal for newcomers, users and developers, covering topics from wallets and ETH to smart contract tutorials, developer documentation and enterprise use cases, with content localized into many languages.

Business model

The EF is a non-profit rather than a commercial enterprise. It deploys capital into the Ethereum ecosystem via grants, research funding, protocol development support and events, rather than selling products or services. Its endowment originated with the crowdsale of ETH.

No commercial revenue model is described; the Foundation was funded initially by the crowdsale of ETH and disburses funds to ecosystem projects and researchers.

Traction

Ethereum has run continuously since 2015 without downtime and reports 322M ETH holders, over 15.6 million transactions in a day and more than $4.6B in daily trading volume. The EF's 2024 Academic Grants Round drew 300 applications from 25 countries, and the 2025 round made $2M in total funds available. Devcon 8 is scheduled for November 3-6, 2026 in Mumbai, India.

Latest developments

In June 2026 the EF reduced headcount by 20% and reorganized into five R&D units, after executive-level and protocol team departures. On July 29, 2026 it appointed Pascal Caversaccio (pcaversaccio), co-founder of the SEAL 911 emergency crypto security service, author of the "Ethereum Cypherpunk Manifesto" and a Silviculture Society advisory board member, as the fourth member of its board for an initial one-year, voluntary term, joining President Aya Miyaguchi, Vitalik Buterin and Swiss lawyer Patrick Storchenegger. The board sets strategic vision, acts as a security council and ensures compliance with Swiss law.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

The EF is one part of a larger ecosystem of organizations and individuals funding Ethereum development, and explicitly does not control or govern the network, which is operated and governed by a global community of developers, node operators, ETH holders and users. Separately, Ethereum Institutional was launched in early July 2026 as an independent organization focused on institutional adoption.

The EF positions itself as an organization that supports a blockchain and its ecosystem without controlling it, with an onchain mandate committing it to censorship resistance, open source, privacy and security as non-negotiable priorities, and a structure closer to a community of teams than a conventional non-profit.

Technology

The Foundation supports Ethereum, a public open-source blockchain protocol and network with a native currency, ether (ETH), used to pay transaction fees and to secure the network through staking. The EF funds client development, consensus and scaling research, cryptography, formal verification, networking/P2P work and security. ethereum.org itself is an open-source website released under an MIT license with a modular design system and published style and design principles.

Go-to-market

The EF reaches its audience through open grant programs (the Ecosystem Support Program and periodic Academic Grants rounds with public application windows and published eligibility and selection criteria), the annual Devcon conference, a bug bounty program, the EF Blog and the ethereum.org educational portal, whose content is developed openly on GitHub with community contributors, Discord channels and a public design system.

Ethereum core protocol and client development teams; open-source projects building on Ethereum; academic researchers, universities, research centres and think tanks; developers seeking documentation and tooling; newcomers to Ethereum and ETH; and enterprises and institutions evaluating Ethereum use cases and permissioned networks.

Geography

The Foundation operates under Swiss law and serves a global community of contributors and researchers; its 2024 academic grants round attracted applicants from 25 countries, and Devcon 8 is planned for Mumbai, India in November 2026.

History

Ethereum has run continuously since 2015. The Ethereum Foundation was funded initially by the crowdsale of ETH. It created the Silviculture Society in February 2025 and ran Academic Grants Rounds in 2023, 2024 and 2025. In March 2026 it formalized its mandate around censorship resistance, open source, privacy and security, and in June 2026 it described privacy and security as non-negotiable protocol guarantees. In June 2026 the Foundation cut 20% of its staff and reorganized around five R&D units following departures at executive director level and within the protocol team. In July 2026 it appointed Pascal Caversaccio to its board.

Risks & controversies

The Foundation underwent restructuring in June 2026, cutting 20% of staff and reorganizing around five R&D units following departures at the executive director level and within the protocol team. ethereum.org also warns users that nobody from ethereum.org will contact them, reflecting impersonation and phishing risk.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Academic grant applications receivedJan 2024300 applications
Academic Grants Round total available fundsJan 2025$2M
Board membersJul 20264 people
Countries represented in academic grant applicationsJan 202425
Daily trading volumeJan 2026$4.6B
ETH holdersJan 2026322,000,000 holders
Network uptime since 2015Jan 2026100% uptime; continuous operation since 2015
Staff reductionJun 202620%
Transactions todayJan 202615,630,146 transactions

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 9

by search overlap
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Timeline · 6

launches, deals, and filings
Nov 2026
Devcon 8 scheduled for Mumbai, India

The Ethereum Foundation's annual conference for developers, researchers and builders is scheduled for November 3-6, 2026 in Mumbai, India.

source ↗

Jul 2026
Pascal Caversaccio appointed to Ethereum Foundation board

The Ethereum Foundation appointed Pascal Caversaccio (pcaversaccio), co-founder of SEAL 911 and author of the Ethereum Cypherpunk Manifesto, as the fourth member of its board of directors for an initial one-year voluntary term, joining Aya Miyaguchi, Vitalik Buterin and Patrick Storchenegger.

source ↗

Jun 2026
Ethereum Foundation cuts 20% of staff and reorganizes into five R&D units

The Foundation reduced headcount by 20% and reorganized around five R&D units, following departures at the executive director level and within the protocol team.

source ↗

Jun 2026
EF describes privacy and security as non-negotiable protocol guarantees

The Foundation stated its focus on censorship resistance, open source, privacy and security (CROPS), which its onchain EF Mandate enshrines as non-negotiable priorities.

source ↗

Feb 2025
Silviculture Society created by the Ethereum Foundation

source ↗

Jan 2025
2025 Academic Grants Round opens with $2M in available funds

The Ethereum Foundation opened a six-week application window (January 20 to March 24, 2025) for its Academic Grants Round, with $2M in total available funds for Ethereum-related academic research across economics and game theory, cryptography, consensus and protocol design, networking, client engineering, security, formal verification and the humanities.

$2M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does The Ethereum Foundation do?
Non-profit that funds Ethereum protocol development, research and ecosystem grants, and maintains the ethereum.org portal.
Who are The Ethereum Foundation's investors?
The Ethereum Foundation's investors include 1confirmation, Advanced Blockchain, BaseTwo, Bloccelerate VC, Bollinger Investment Group, Collab+Currency, DeepTech Ventures, Draper Associates and 19 more.