Ethereum Community Foundation's Bold Move: Aiming for $10,000 ETH ๐๐ฐ
The Ethereum space is about to witness a game-changing initiative! Ethereum core developer Zak Cole has launched the Ethereum Community Foundation (ECF) with a bold goal: raising Ether's price to $10,000! ๐โจ
During the 8th Ethereum Community Conference in Cannes, France, Cole unveiled the ECF, emphasizing the importance of taking control of ETH's value. The Ethereum Foundation, he argues, has failed to fully recognize ETH as the asset class it truly is. With a mission to fund projects that fuel Ethereum's growth, the ECF plans to boost ETH's market value by supporting infrastructure projects and initiatives that contribute to ETH burn and scaling. ๐ฅโก
Coleโs vision is to take the necessary steps that the Ethereum Foundation hasn't, focusing on the security and sustainability of ETHโs future. His strategy is clear: the more ETH that is burned through transaction processing, the higher its value and security. ๐ฅ๐
๐ First Grant Recipient: Ethereum Validator Association (EVA) ๐
As the first grant recipient, the EVA will allow validators to have a say in Ethereumโs monetary policy and client priorities, shaping Ethereumโs future directly! ๐ก๐
But thereโs more! Cole has raised concerns about Uniswap, ENS, and Optimism receiving Ethereum Foundation support while launching venture-backed tokens. He advocates for public-funded projects that benefit everyone, not just the founders. ๐๏ธ๐ธ
The Ethereum Community Foundation is on a mission to make ETH the most valuable asset in the blockchain world, and theyโre not stopping until it hits $10,000! ๐ฅ๐ฅ
Letโs see how this new movement shapes the future of Ethereum and its ecosystem. Are you ready for the ride? ๐๐