Summary
- The Ethereum Community Fund (ECF) has officially announced its launch.
- The Block reported that the ECF aims to support the institutional adoption of Ethereum infrastructure and ultimately drive up the price of Ethereum.
- The fund stated it would provide funding for Ethereum burn projects, strengthening immutability, and adjusting incentives.
The Ethereum Community Fund (ECF) has been officially launched.
According to The Block on the 2nd (local time), the Ethereum Community Fund aims to support the institutional adoption of Ethereum infrastructure and ultimately boost the price of Ethereum.
Jack Cole of the Ethereum Community Fund stated, "We hoped the Ethereum Foundation would move in the right direction, but it did not. So, we stepped up. We will address the Ethereum Foundation’s shortcomings by funding projects that burn Ethereum, strengthening immutability, and aligning incentives."
YM Lee
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