Former Ethereum Foundation official warns of core dev funding crisis in 3-9 months

Trent Van Epps, who was formerly responsible for core development funding at the Ethereum Foundation, has warned that the sector could face a funding crisis within three to nine months, Wu Blockchain reported. He noted that spending cuts by the foundation and the termination of the Client Incentive Program (CIP) could lead to such a shortfall. Van Epps stressed that while maintaining the core development ecosystem costs about $30 million annually, new institutions and funding mechanisms are needed, as the foundation was not established to be the network's permanent steward.