Founder of 'Ether News Weekly' announces shutdown: Ethereum Foundation withdraws support as it fails to find a sustainable business model.

KnowHere News: The founder of Week in Ethereum News (WiE), Evan Van Ness, announced on social media that due to a conversation with the leadership of the Ethereum Foundation (EF) earlier this year, I am announcing that this newsletter will cease operations because the communication indicates that they believe there is no value in continuing to operate the 'Week in Ethereum News'.

In the remaining time of 2024, WiE received minimal financial support only from the Ethereum Foundation. Although this support was mostly symbolic, the EF leadership chose to cut off this insignificant support, clearly indicating that WiE would immediately terminate.

The ETH Foundation's withdrawal of support tells me, more clearly than anything else, that it's time for WiE to end.

The 'ETH Weekly' has had a good track record. Over the years, many developers have told me at conferences that WiE has had an impact on their Solidity or security careers. They often mention that this newsletter has influenced their decision to buy ETH. At one time, this longstanding newsletter was a major source for most of the news supporting Ethereum.

Unfortunately, WiE failed to find a sustainable business model. Advertising and sponsorship are difficult to sell because marketing directors do not value developers. I have high standards for content, but it is too time-consuming to complete it in a profitable way.