Ethereum core developer Zak Cole has launched the Ethereum Community Foundation (ECF), a new initiative aimed at funding “tokenless” projects and promoting ETH burning mechanisms to enhance the digital asset’s economic value and institutional adoption.

Cole announced the initiative at the Ethereum Community Conference in Cannes, France, while taking aim at the Ethereum Foundation for its lack of lobbying efforts in Washington DC.

The ECF will only fund projects that are immutable and do not issue new tokens, enforcing a strict tokenless policy to ensure security, decentralization, and alignment with Ethereum’s core values.


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All supported projects must integrate mechanisms that contribute to the burning of ETH, directly reducing the circulating supply and supporting ETH’s monetary integrity and value for holders.

“The Ethereum Foundation won’t say it. So we did,” said Cole.

“ETH to $10k is a requirement. Not a meme.”