Ethereum Community Foundation Launches to Burn ETH, Boost Price

The Ethereum Community Foundation (ECF) has been established with a clear mission: to support high-quality Ethereum infrastructure, drive long-term value for ETH, and address what it perceives as strategic errors made by the Ethereum Foundation. The ECF has successfully raised millions in ETH to fund projects that aim to burn ETH and support its long-term price growth. The foundation is committed to backing immutable and tokenless infrastructure and plans to launch a validator association to influence development.

The ECF's strategic vision diverges from that of the Ethereum Foundation, focusing on monetary alignment, supply burn, and institutional credibility rather than experimental token models and layer 2 proliferation. According to ECF founder Zak Cole, the foundation has already secured millions in ETH from individual backers. These funds will be used to support technologies that help reduce the supply of ETH, ensuring monetary integrity by aligning throughput with ETH scarcity. Projects must be tokenless and immutable to avoid speculative dilution and governance capture.

The ECF's initiatives also include addressing technical challenges, such as mispriced blob space, and supporting public goods that enhance Ethereum's base layer economics. The Ethereum Validator Association (EVA) is the foundation's first major initiative, providing validators with a structured way to influence development using staked ETH as a signaling mechanism. Additionally, the EVA will offer funding for validator infrastructure.

The ECF is positioning itself as Ethereum's institutional liaison, aiming to engage with policymakers, regulators, and enterprises. As Ethereum seeks to regain market share lost to faster and more efficient rivals, this institutional-facing layer could be crucial. The launch of the ECF coincides with internal changes across Ethereum's leadership, including significant shifts at the Ethereum Foundation and the emergence of new institutional players. While the identities of the ECF's backers remain unclear, Cole has indicated that more information will be revealed in the coming weeks. The ECF's mission is clear: to fund projects that burn ETH, enforce immutability, reject token games, and fill gaps left by the Ethereum Foundation, thereby bringing a new chapter to Ethereum governance.