
PANews|Jul 08, 2025 15:29
'ETH returns to $10000' is no longer just a slogan.
Faced with low coin prices and controversy over foundations, former Ethereum core developer Zak Cole launched the Ethereum Community Foundation (ECF) on EthCC 8, promising to
Say what EF doesn't say and do what EF doesn't do,
Our mission is to revive the ETH faith and defend its asset attributes.
Zak Cole has a diverse background, having served in the US military and engaged in network engineering. Later, he joined the blockchain industry and founded testing platform Whiteblock, smart contract auditing platform Code4Rena, and participated in multiple Web3 projects.
He bluntly stated that the ETH price has been ignored for too long, and the foundation is too idealistic, lacking strategy and transparency.
ECF claims to have a clear goal: to increase the value of ETH. In the initial stage, millions of dollars worth of ETH have been raised to fund only "token free, unchangeable" infrastructure projects, emphasizing economic sustainability and trustworthy neutrality. The first batch of funding targets includes the Ethereum Verification Association (EVA), which aims to empower stakers and influence protocol development and monetary policy.
ECF proposes the principle of "radical transparency": funding directions will be determined through community "coin voting", and project progress and finances will be publicly disclosed. It also actively promotes cooperation with governments and regulatory agencies, attempting to expand the institutional adoption base of ETH.
Despite doubts about the token free incentive mechanism, the establishment of ECF itself is a signal: when EF is criticized for being "disconnected", there is still a force willing to step forward and inject a new sense of direction and purpose into ETH.
As for whether ETH can really return to Wandao, the answer may depend on whether it can awaken the cohesion of developers and the community again.
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