Still on this,
During his presentation, Cole called out Uniswap, Ethereum Name Service and Optimism for receiving support from the Ethereum Foundation, but later on launching their own tokens backed by venture capital funding.
“Publicly funded projects should remain public and benefit those who have paid for them,” Cole said.
Cole also lambasted the Ethereum Foundation for neglecting ETH as a valuable asset.
Cointelegraph reached out to the Ethereum Foundation but did not receive a response by the time of publication.
Ethereum Validator Association
Ethereum Validator Association (EVA) was announced as the first recipient to receive a grant from the ECF.
Cole says that with the EVA, validators will now have a say in how Ethereum’s monetary policy is shaped by prioritizing EIP road maps and choosing Ethereum’s client priorities.
“The EVA introduces validator representation,” Cole said.
Cole said that the EVA will empower clients based on their performance.
Additionally, Cole highlighted a potential conflict of interest as Offchain Labs, the team behind layer-2 network Arbitrum, has an ownership stake in Prysmatic Labs.
Notably, Prysm is the second-largest consensus layer client of the Ethereum network, according to Ethernodes. Prysmatic Labs operates the Prysm client.$ETH $ETH $ETH