Techub News reports, according to The Block, that the Ethereum Community Fund (ECF) has been officially established, led by Zak Cole. The fund has raised millions of dollars in Ethereum, aimed at supporting institutional adoption of Ethereum infrastructure and ultimately boosting Ethereum's price. ECF will focus on funding ‘immutable and non-tokenized’ projects, particularly applications that can promote the ETH deflationary mechanism, including practical applications that bring assets like stocks, bonds, and real estate on-chain. The foundation adopts a coin voting mechanism to decide on fund allocation, ensuring that all funding decisions are completely transparent. ECF's first initiative is to establish the ‘Ethereum Validators Association’, allowing network validators to participate in development decisions by staking ETH.