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The newly formed Ethereum Community Foundation (ECF) has set an ambitious goal: driving ETH’s price to $10,000. Led by core developer Zak Cole, the ECF will fund projects that enhance Ethereum’s ecosystem and increase ETH burn. This initiative aims to address perceived shortcomings in the Ethereum Foundation’s focus on technology over asset valuation.
- ECF prioritizes ETH burn and scalability projects to drive ETH's price to $10,000.
- First grant goes to Ethereum Validator Association (EVA) to shape Ethereum's monetary policy.
- Cole criticizes commercialized projects like Uniswap and highlights conflicts of interest in Ethereum's ecosystem.
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Other Tags: Ethereum Foundation, Geth, Offchain Labs