No money, no work! Ethereum's weekly report, 'Week in Ethereum', officially comes to an end, and the reason behind it is revealed.

Farewell to 'Week in Ethereum'

The electronic newsletter 'Week in Ethereum' (WiE), beloved by Ethereum developers and enthusiasts, officially announced its end. The founder of the newsletter, Evan Van Ness, expressed in an emotional farewell message that the reasons for this decision include support reduction and an unsustainable business model.

Ethereum Foundation terminates support

Van Ness revealed that as early as the beginning of 2024, he hinted at the possible end of the newsletter in his conversations with the leadership of the Ethereum Foundation (EF). Although EF's financial support for WiE has been minimal over the years, the foundation ultimately decided to withdraw this symbolic support. This move sends a clear message: EF no longer sees value in the continuation of WiE.

Van Ness wrote: "In the remaining time of 2024, WiE received pitiful financial support from the Ethereum Foundation, but the EF leadership chose to cut off this insignificant support, knowing full well that WiE would immediately end as a result. There is no clearer signal than EF's withdrawal of support to tell me that it is time for WiE to end."

Profound Impact on the Ethereum Community

Despite the end of WiE, its impact on the Ethereum ecosystem cannot be underestimated. Over the years, this newsletter has provided important resources for developers who want to learn Solidity or enhance their blockchain security skills. Van Ness recalled that many developers expressed their gratitude to him at the conference, mentioning that this newsletter played a key role in their careers.

In addition to education and information dissemination, WiE also ignites people's passion for Ethereum. He said, 'They often mention that this newsletter made them decide to buy ETH.' At its peak, this newsletter was considered the preferred source of professional Ethereum news.

Establishing a sustainable business model is challenging.

The end of WiE also reflects the widespread challenges of maintaining independent news reporting in the cryptocurrency field. Van Ness admitted that the newsletter failed to establish a sustainable business model, and the difficulty of attracting advertising and sponsorship was a significant factor.

He explained, "Advertising and sponsorship are difficult to attract because marketing executives do not value developers." In addition, his high standards for content also make it time-consuming to produce consistent profits. Ultimately, the effort required to maintain the newsletter far exceeds its financial feasibility.

Very grateful to the supporters

At the final farewell, Van Ness expressed gratitude to all those who have contributed to the success of the newsletter over the years: 'Thank you to those who have sponsored, retweeted, or liked. I will remember these things, they mean a lot to me.'

Although the chapter of 'Week in Ethereum' has temporarily come to an end, its contribution to the Ethereum community and its role in promoting blockchain education will be deeply remembered by people.

What's next for Evan Van Ness?

Although Van Ness did not explicitly disclose his future plans, it can be expected that his involvement in the Ethereum ecosystem and blockchain field is far from over. Currently, the Ethereum community has sent this inspiring and educational newsletter to countless people.

Goodbye, 'Week in Ethereum'!

This article is no longer in operation without money! Ethereum Weekly 'Week in Ethereum' officially ended, the reason behind it is revealed. It first appeared on ChainNews ABMedia.