Week in Ethereum Newsletter to Close

The long-running Ethereum newsletter Week in Ethereum is winding down due to diminished financial support from the Ethereum Foundation.

“Over the rest of 2024, WiE received a minuscule amount of financial support from the Ethereum Foundation,” Evan Van Ness wrote in a post shared on X. “It was mostly symbolic,” he added, saying that “EF leadership chose to cut off this tiny bit of support knowing that WiE would immediately end.”

“There is no clearer way to be told that it’s time for WiE to end than EF withdrawing support,” he said.

Van Ness noted that Week in Ethereum ultimately failed to find a sustainable business model, mentioning that ads and sponsorships were “a tough sell as marketing directors do not value devs.”

The well-known Ethereum-focused newsletter’s archives date back to August 21, 2016 — before Bitcoin, and even Ethereum, were mainstream concepts.

Many in the Ethereum community have reacted negatively to the news. Cantina and SpearbitDAO co-founder Hari called the Ethereum Foundation’s decision to cut funding “very bizarre,” especially as the blockchain is reportedly losing developer talent — a sentiment echoed by others in the Ethereum ecosystem.

The Block reached out to the Ethereum Foundation and Week in Ethereum’s editor for comments.