|
Getting your Trinity Audio player ready...
|
Key Takeaways:
- Ethereum Community Foundation aims to increase ETH value through infrastructure grants and validator empowerment.
- The foundation’s ethos: “We say what the EF can’t, we do what the EF won’t.”
- With ETH’s underperformance against BTC, the ECF’s initiatives may be vital in reshaping the asset’s trajectory.
A new organization called the Ethereum Community Foundation (ECF) has officially launched, with a mission to revitalize Ethereum’s price trajectory and expand its influence across institutional and governmental sectors. The announcement was made during the Ethereum Community Conference (EthCC) held in Cannes, France, where co-founder Zak Cole delivered a fiery speech calling for renewed focus on ETH’s economic value.
Zak Cole Rallies ETH Holders With Vision for a $10K Ethereum
In a striking keynote address, Zak Cole declared Ethereum the “backbone of decentralized finance and stablecoins,” asserting that it should no longer be treated as an experimental asset. Criticizing the original Ethereum Foundation for drifting from economic priorities, Cole said, “ETH to $10K isn’t a meme. It is a requirement.”
Cole’s comments drew widespread attention and praise, including from crypto investor Ryan Sean Adams, who labeled it “the spiciest presentation I’ve seen from an Ethereum event.”
The ticker is $ETH.
— zak.eth (@0xzak) July 1, 2025
The website is https://t.co/J2JXTDBcfQ.
Driving ETH Value Through Infrastructure and ETH Burn
The ECF aims to build ETH-focused public goods, particularly tokenless, immutable infrastructure that directs value back to the Ethereum asset. One of its core strategies is to support tools that burn ETH, such as optimizing Ethereum’s blob space, effectively reducing supply while increasing network value.
According to its mission statement, the foundation will “provide grants to projects that increase ETH burn, contribute to public goods, advance core infrastructure, and scale Ethereum.” This approach aligns with the EIP-1559 mechanism, which already burns transaction fees, but the ECF hopes to supercharge these dynamics.
Empowering Validators Through Governance Tools
One of the foundation’s first initiatives is the Ethereum Validator Association. This group will allow validators to signal development preferences using staked ETH, increasing community participation in Ethereum’s evolution. By formalizing validator influence, the ECF aims to make Ethereum governance more decentralized and transparent—while still aligning it with ETH value creation.
Also Read: Ethereum Futures Hit 98% of Bitcoin Volume Amid Altcoin Revival Hopes
Despite leading the DeFi space with over 55% of total value locked (TVL), Ethereum has significantly underperformed Bitcoin in recent years. While BTC rose from $16,000 to $110,000 since 2023, ETH has only moved from $1,600 to $2,600. This divergence has left the ETH/BTC pair in a prolonged downtrend.
With competitors like Solana, BSC, and TRON gaining traction, ECF’s launch comes at a crucial time. Whether the foundation can help ETH reclaim market dominance relative to Bitcoin remains uncertain, but its pro-ETH price mandate is clear.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
