The Ethereum Community Foundation has been officially established, aiming to drive up the price of ETH

Odaily Planet Daily News: The Ethereum Community Foundation has been officially established and has raised millions of dollars in ETH to support 'immutable, non-token' neutral technology projects, aiming to promote institutional adoption of Ethereum infrastructure and enhance ETH prices. The foundation was initiated by Ethereum ecosystem developer Zak Cole, who stated that all supported integration projects must 'promote ETH destruction' to ensure that network adoption aligns with the interests of ETH holders. In addition, the foundation will prioritize funding real-world asset projects that can bring stocks, bonds, real estate, and other assets on-chain, as well as public goods projects aimed at fixing blob space pricing. The foundation will use 'token voting' to decide on funded projects, and all funding usage and discussion processes will remain completely transparent. The first funding program is the 'Ethereum Validator Association', aimed at empowering validators to participate in network development and fund its infrastructure construction. Zak Cole emphasized: 'We fund projects that destroy ETH, adhere to immutability, reject token games, align incentive mechanisms, and fill the gap left by the Ethereum Foundation.' (TheBlock)