Ethereum Community Foundation is now officially established, plans to boost ETH price

Odaily Planet Daily News Ethereum Community Foundation has been officially established and has raised millions of dollars in ETH to support "immutable, token-free" neutral technology projects, with the goal of promoting institutional adoption of Ethereum infrastructure and increasing ETH prices. The foundation was initiated by Ethereum ecosystem developer Zak Cole, who stated that all supported integration projects must "promote ETH destruction" to ensure that network adoption is consistent with the interests of ETH holders. In addition, the foundation will give priority to funding real-world asset projects that can put assets such as stocks, bonds, and real estate on the chain, as well as public product projects for fixing blob space pricing. The foundation will adopt "token voting" to decide on funding projects, and all funding use and discussion processes will remain completely transparent. The first funding program is the "Ethereum Validator Association", which aims to enable validators to participate in network development and fund its infrastructure construction. Zak Cole emphasized: "We fund projects that destroy ETH, adhere to immutability, reject token games, align incentive mechanisms, and fill the gaps left by the Ethereum Foundation." (TheBlock)