Vitalik Buterin, co-founder of Ethereum, opposes the idea of embracing the casino industry within the blockchain.
Buterin stated that he would leave the crypto space if Ethereum were to support crypto casinos as it goes against his moral beliefs.
The focus on issues such as crypto gambling and the lack of ethical standards disappoints Buterin, who advocates for a more calculated and frugal approach for the Ethereum Foundation.
Ethereum Foundation has allocated 45,000 ETH to decentralized finance (DeFi) projects like Compound in response to community concerns regarding funding strategies.