Ethereum Community Foundation aims to boost Ether price to $10,000
From Cointelegraph
July 3, 2025 2:15 am:
A new organization called the Ethereum Community Foundation (ECF) aims to boost the price of Ether to $10,000. Spearheaded by Ethereum core developer Zak Cole, ECF plans to fund projects that enhance the Ethereum ecosystem and increase the value of ETH. The foundation criticizes the Ethereum Foundation for neglecting ETH as an asset. Projects seeking grants from ECF must use Ethereum as the settlement layer and be tokenless and immutable.
Ethereum Community Foundation (ECF) seeks to support projects that contribute to ETH burn, enhance core infrastructure, and scale Ethereum. ECF emphasizes the importance of public funding remaining public and benefiting those who have contributed. The ECF’s first grant recipient is the Ethereum Validator Association (EVA), which aims to empower validators to shape Ethereum’s monetary policy and client priorities. Additionally, ECF raises concerns about potential conflicts of interest in the Ethereum ecosystem.
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