Ethereum Community Foundation’s New Breakthrough: Mission Toward $10,000!

Jakarta, Pintu News – The Ethereum community recently welcomed a bold initiative with the launch of the Ethereum Community Foundation (ECF).

Announced by Zak Cole, renowned developer and managing partner at Number Capital, ECF aims to revolutionize Ethereum (ETH) development by funding tokenless projects that burn ETH, potentially pushing its price to new heights.

Check out the full information in this article!

Vision of “Eth Burn Maximalism”

ECF adopts an “Eth Burn Maximalism” philosophy that utilizes Ethereum’s (ETH) EIP-1559 update introduced in 2021 to reduce ETH supply through transaction fee burning. With over 4.3 million ETH burned to date, the foundation seeks to accelerate this deflationary trend.

“No VC, no equity, no tokens. Our profit is to burn ETH and push the price to $10,000. It’s as simple as that,” Cole said, emphasizing the purpose of ECF. The foundation funds applications that only burn ETH which is non-upgradable and immutable.

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Approach and Focus Area

This newly revealed community initiative will focus on key areas such as infrastructure development, institutional adoption, and government involvement. The ECF will provide funding to projects that meet strict criteria: tokenless design, only ETH fees burned, immutable smart contracts, and deployment on the mainnet.

Institutional adoption became the cornerstone, with the ECF promoting Ethereum (ETH) as the global settlement layer for finance. The Ethereum community has appreciated this bold initiative, which some think will work better than the Ethereum Foundation (EF) to bring the Ethereum network further to the masses.

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Prospects and Challenges

ECF is aiming for the Ethereum (ETH) price to reach $10,000 with its success dependent on adoption and volume burn. However, the initiative’s funding sources remain undisclosed at this time.

The success of ECF will not only increase the value of Ethereum (ETH) but could also change the way the world views the utilization of blockchain for finance and technology. With a clear strategy and a strong focus on burning ETH, ECF has the potential to be an important catalyst in the evolution of Ethereum.

Conclusion

With a clear vision and bold strategy, the Ethereum Community Foundation (ECF) has the potential to change the game map in the Ethereum ecosystem. By prioritizing ETH burning as a mechanism to increase value, ECF offers a new perspective on sustainable and future-oriented blockchain development.

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Reference

• Crypto Times. Ethereum Community Foundation Launches with Burn Maximalism Vision. Accessed on July 4, 2025
• Featured Image: U Today