They Made the Official Move for Ethereum: They Will Focus on Increasing the Price! - Coin Bulletin

The Ethereum Community Foundation, which has taken action to increase the price of Ethereum, will invest millions of dollars in token-free and non-fungible projects that contribute to ETH burning.

A new foundation named Ethereum Community Foundation (ECF) has been established to support the Ethereum ( ecosystem. The foundation, created to take action in areas where the Ethereum Foundation has fallen short, aims to increase the value of Ethereum by investing in projects that reduce ETH supply and thereby aim to raise its price.

ECF has raised millions of dollars in ETH from individual donors so far. The foundation will allocate the funds it has collected directly to projects that will increase the value of Ethereum. Zak Cole, one of the founders of ECF, emphasized that the Ethereum Foundation has not met expectations, stating, "We hoped the Ethereum Foundation would find the right path, but it did not. That is why we are stepping in. We support projects that burn ETH, ensure immutability, and reject unnecessary token usage. This is not a code fork, but a fork of priorities."

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)# First step: Validators' union

The Ethereum Community Foundation will initially launch an initiative named Ethereum Validator Association ###EVA(. EVA will allow validators to directly participate in network development by staking ETH )validator(. Additionally, EVA will also finance the infrastructure needs of validators.

All projects supported by ECF will be non-token and immutable. Additionally, the foundation will invest in real-world assets that bring traditional financial assets such as stocks, bonds, and real estate to the Ethereum network through )real-world assets( applications. The fund distribution will occur completely transparently through a coin voting system.

The initiative launched after the management changes at the Ethereum Foundation and the market losses experienced by Ethereum against its competitors is seen as an important step to accelerate Ethereum's institutional adoption and rekindle interest in the Ethereum mainnet.