Peter Thiel, the well-known former CEO of PayPal and billionaire investor, has a 7.5% stake in ETHZilla, formerly known as 180 Life Sciences, according to CryptoBriefing. This signifies a growing interest in Ethereum from established financial figures. ETHZilla is transitioning into an Ethereum-focused investment company. This strategic shift highlights the increasing recognition of Ethereum's potential beyond just a cryptocurrency. They aim to capitalize on opportunities within the Ethereum ecosystem, including decentralized finance (DeFi) and Web3 applications. Thiel's involvement lends credibility to ETHZilla and the Ethereum blockchain. His reputation as a successful investor suggests confidence in Ethereum's long-term viability. This investment could attract further institutional interest and drive innovation within the Ethereum space. The move also signals a broader trend of traditional finance embracing decentralized technologies. ```

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