TechFlow news, on July 2, according to The Block, the Ethereum Community Foundation (ECF) has officially announced its establishment, led by Zak Cole. The foundation has raised several million dollars worth of ETH, aiming to support institutional adoption of Ethereum infrastructure and ultimately boost the ETH price. ECF will focus on funding "immutable and tokenless" projects, particularly applications that promote ETH's deflationary mechanism, including practical use cases such as tokenizing stocks, bonds, and real estate assets. The foundation will use a coin voting mechanism to determine fund allocation, ensuring all funding decisions are fully transparent. ECF's first initiative is to establish the "Ethereum Validators Association," enabling network validators to participate in development decisions through ETH staking.
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