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Vitalik Buterin is Labelled as the Youngest Crypto Billionaire

Buterin, a Russian-Canadian born in a tiny village near Moscow, is best known as the inventor of Ethereum. He has a current overall net worth of $1 billion following the success of the Bitcoin Magazine he co-founded in 2011. In 2015, he co-founded Ethereum with a host of other individuals.

The Ether token is based on the Ethereum blockchain and has been relevant in the trading of digital assets like NFTs and other forms of decentralised finance services. Vitalik’s net worth changed a lot in 2021. On November 8, 2021, ETH hit an all-time high of $4,818.08, putting a $1.71 billion value on its ether wallet.

Buterin Affinity with Meme Coins

The depressed market began in January 2022, with ETH trading at $3,683.05. Nonetheless, he maintains his billionaire status. In addition to his income from Ethereum, he also has a large investment portfolio in other meme tokens like Akita, SHIB, and Dogecoins.

Buterin has also used his fortune for humanitarian aid. During the heat of the pandemic, he donated $100 million in Shiba Inu cryptocurrencies to the COVID-19 relief fund in India in 2021. And as a result of the LUNA catastrophe, Dogecoin and Shiba Inu have entered terrifying red zones. As his way of rejuvenating the popular meme coin, Dogecoin, he donated a whopping sum of $1 million in ETH to the Foundation.

After receiving the 2014 World Technology Award, Buterin was nominated for both the 2016 and 2018 Forbes 40 under 40 and 30 under 30 lists.

After meeting Bitcoin developers from around the world and gaining a grasp of the currency’s potential limitations, he conceived of Ethereum. He wanted to build a new and better version of Bitcoin’s scalability and apps with the ambitious goal of re-architecting the web in a big way.

The crypto industry’s most anticipated event is “The Merge,” formerly known as Ethereum 2.0. As resistance to energy efficient PoW mining grows, the PoS consensus is gaining popularity among cryptocurrency enthusiasts. Since 2020, Ethereum DevOps has been on a lengthy path to launch ETH 2.0.