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Vitalik: EF Foundation budget cut by 40%, shifting to a long-term fund model
To this end, EF will adjust its multi-client mode, relying more on AI-assisted formal verification. The PSE privacy and scalability exploration team will shift from "exploration" to focused development around zero-knowledge proofs. Devcon conference operations will be scaled down and incur losses. Large projects beyond Ethereum itself will also be reduced. EF organizational work will focus on smaller, more replicable CROPS-friendly deployment cases.