The Ethereum Community Foundation (ECF) has been established by Ethereum developer Zak Cole with the goal of increasing the price of ETH to $10,000 and redirecting attention to its value as an asset.
Creation of Ethereum Community Foundation
At the eighth Ethereum Community Conference in Cannes, France, Zak Cole unveiled a new organization – the Ethereum Community Foundation (ECF). The ECF will operate independently of the Ethereum Foundation, focusing on reforms aimed at raising the price of ETH. 'We are the Ethereum Community Foundation. We say what the [Ethereum Foundation] can’t, we do what the [Ethereum Foundation] won’t,' Cole stated.
Grant Funding and Distribution Plans
The ECF plans to fund infrastructure projects that grow the Ethereum ecosystem and support ETH’s price. Grant recipients must build tokenless applications using Ethereum's mainnet as the settlement layer, thereby contributing to ETH burn through transaction fees. In addition, projects must support public goods and scale ETH without introducing new tokens or relying on venture capital.
Market Analysis for ETH Price Prediction
As of now, ETH is trading at $2,599.98, supporting optimistic sentiment among analysts. Increased institutional accumulation of ETH and interest in potential Ethereum ETFs create conditions for possible price growth to $10,000. However, more cautious forecasts indicate that reaching this milestone is more likely to occur post-2026.
The launch of the Ethereum Community Foundation under Zak Cole's leadership demonstrates a commitment to structuring Ethereum's development and refocusing financial attention on ETH as an asset. The future of ETH will depend on numerous factors, including institutional investments and network development.
