The Ethereum Community Foundation was established to drive ETH value growth

According to Foresight News, according to The Block, the Ethereum Community Foundation (ECF) was officially announced and is led by Zak Cole. The foundation has raised millions of dollars in ETH to support institutional adoption of Ethereum infrastructure and ultimately boost ETH prices. The ECF will focus on funding "immutable and tokenless" projects, especially to promote the application of ETH deflation mechanisms, including practical applications of putting assets such as stocks, bonds and real estate on the chain. The foundation adopts a coin voting mechanism to decide on fund allocation to ensure that all funding decisions are completely transparent. ECF's first plan is to establish the "Ethereum Verifier Association" to allow network validators to participate in development decisions through staking ETH.
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