🆕 A “competitor” to the Ethereum Foundation has been unveiled at the EthCC conference

Zach Cole has created the Ethereum Community Foundation, designed to do what the Ethereum Foundation “can't or won't” do.

Vitalik Buterin stated that cryptocurrency should liberate people, not be an esoteric technology.

Key Ethereum developer Zach Cole has created a new organization called the Ethereum Community Foundation (ECF). One of its goals is to raise the price of $ETH to $10,000. The main network support foundation ignores ETH as an asset class, the ECF founder believes. According to Cole, the EFC intends to fund infrastructure projects that develop the ecosystem and boost the native cryptocurrency's quote.

"Ethereum is the foundation of decentralized finance and stablecoins. It is the future of the monetary system. The vision of the Ethereum Foundation (EF) has led us to this moment. But strategically, economically and culturally, the foundation has lost its way," the developer said.

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