Ethereum Developers Form Community to Achieve US$10,000 Price
Ethereum Core Developer Zak Cole has established a new organization called the Ethereum Community Foundation (EFC) to bring Ether to the level of US$10,000. The community was also formed because the Ethereum Foundation is seen as having neglected ETH as an asset class.
However, this community is not affiliated with the Ethereum Foundation.
"We say what the Ethereum Foundation cannot say, we do what the Ethereum Foundation cannot do. We serve ETH holders because you deserve better," said Cole.
Not only ambitious to bring Ethereum to a new all-time high, EFC also claims through its website that it will fund neutral and immutable infrastructure that benefits ETH holders. The infrastructure is solely supported by the burning of ETH, without the issuance of new tokens.
Their focus is on reducing the circulating supply of ETH by burning it, maintaining the value of ETH, and correcting mispriced blob space. All decisions and discussions regarding funding will be opened 100% transparently to the public.
They support efforts to incorporate traditional assets such as stocks, bonds, real estate, and real-world assets (RWAs) into the blockchain system for the future of finance.
EFC also plans to engage directly with governments, including the United States and other countries, as well as regulators and policymakers to support the adoption of Ethereum.