The Ethereum Community Foundation has been officially established with plans to drive up the price of ETH

Odaily Planet Daily News: The Ethereum Community Foundation has been officially established and has raised millions of dollars in ETH to support "immutable, token free" neutral technology projects, with the goal of promoting institutional adoption of Ethereum infrastructure and raising ETH prices. The foundation was initiated by Zak Cole, a developer of the Ethereum ecosystem, who stated that all supported integration projects must "promote ETH destruction" to ensure that network adoption aligns with the interests of ETH holders. In addition, the foundation will prioritize funding for real-world asset projects that can put assets such as stocks, bonds, and real estate on the blockchain, as well as public goods projects for fixing blob space pricing. The foundation will adopt a "token voting" approach to determine funding for projects, and all fund usage and discussion processes will remain completely transparent. The first funding program is the Ethereum Validator Association, aimed at empowering validators to participate in network development and funding their infrastructure construction. Zak Cole emphasized: "We fund the project to destroy ETH, adhere to immutability, reject token games, align incentive mechanisms, and fill the gap left by the Ethereum Foundation. ”（TheBlock）