A new organization called the Ethereum Community Foundation (ECF) has been launched with a clear mandate: supporting the Ethereum infrastructure of institutional level, stimulating the long -term value of the ETH, and correcting what it considers as strategic errors of the Ethereum Foundation.
In short
- The Ethereum Community Foundation (ECF) has raised millions in ETH to finance projects that burn ETH and support the growth of the long -term price.
- It supports an immutable infrastructure and without a token and plans to launch an association of validators to influence development.
- The ECF aims to fill the gaps left by the Ethereum Foundation and to promote the institutional adoption of Ethereum.
A fork in priorities, not in the code
“” “We hoped that the Ethereum Foundation would correct it. They did not do itthen we take action, ”said Zak Colefounder of the ECF.
The Foundation, according to its announcement and a presentation to the ETHCC in Cannes, wishes to finance projects “immutable and without token” which burn ETH, support the validators' infrastructure and integrate real assets on the blockchain. “Each dollar moves the figure,” said Cole.
Rather than branching off the Ethereum Code, the ECF represents a bifurcation in strategic vision, prioritizing monetary alignment, burn of supply and institutional credibility rather than models of experimental tokens and the proliferation of layers 2.
Eth burn as a key metric
According to Cole, the Foundation has already raised millions in ETH with individual supports and will use these funds to support “credibly neutral” technologies that help reduce ETH's offer.
“All supported integrations must contribute to ETH burn,” says the ECF site, claiming that alignment of the flow with the rarity of the ETH is the key to ensuring monetary integrity. The projects must be without a token and immutable, rules intended to avoid speculative dilution and capture by governance.
The foundation also focuses on technical challenges, such as “poorly evaluated blob space”, and supports public goods which directly improve the economy of the base layer of Ethereum.
The first major ECF initiative is the Association of Ethereum Validators (EVA), which will give validators a structured means of influencing development by using the ETH Staké as a signaling mechanism. It will also provide funding for the validators' infrastructure.
The ECF is also positioned as the institutional intermediary of Ethereum, wishing to engage with political decision -makers, regulators and businesses. While Ethereum hopes to find the lost market share in favor of faster and more effective rivals like Solana, this institutional layer could play a key role.
A new chapter for Ethereum governance?
The launch comes in the middle of internal changes within the management of Ethereum, including a major upheaval at the Ethereum Foundation and the emergence of new institutional actors like Etherealize, led by Vivek Raman and the former researcher of the EF Danny Ryan.
Although it is still unknown who supports the ECF, Cole said that more information will be available in the coming weeks. For the moment, the Ethereum Community Foundation clarifies its mission:
We finance projects burn by eth. We apply immutability. We reject the tokens. We intervene where the Ethereum Foundation is lacking. This is Ethereum with bite.
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