ETH news update: Ether rangebreak possible due to spot ETF inflows
The project has no ties to the Ethereum Foundation.
The ECF says it will provide grants to projects that increase “ETH burn, contribute to the public goods, advance core infrastructure, and scale Ethereum.”
In order to receive grants, projects must use Ethereum as the settlement layer, which will lead to ETH burns due to the transactions being processed on the Ethereum mainnet.
Additionally, the projects must be tokenless and immutable in nature, according to the ECF website.
