Ethereum Community Foundation Launches to Maximize ETH Burn and Institutional Adoption

On July 1, a new organization called the Ethereum Community Foundation (ECF) was launched to support Ethereum according to an announcement on X.

"ETH price has been overlooked for too long. The ECF is here to change that. We are mission-focused on growing its value through education, funding, outreach, and ecosystem support," as written on the website.

The ECF aims to maximize ETH burn by funding infrastructure that supports this goal, while ensuring greater institutional and government adoption of ETH. The foundation is committed to radical transparency in all its activities and ultimately seeks to drive the price of ETH higher.

Additionally, the ECF seeks to promote Ethereum as a global settlement layer by positioning ETH as the foundational asset for finality. ETH serves as the settlement currency, providing security guarantees and reducing counterparty risk. By adopting ETH as the base asset, institutions can achieve permissionless clearing and trustless settlement without relying on intermediaries. This approach enables seamless, transparent, and secure financial operations on public infrastructure.

The Ticker is $ETH

At the recent Ethereum Community Conference (EthCC) in Cannes, Zak Cole from the ECF shared the core mission and founding vision of the organization. The ECF believes that Layer 2 solutions are critical for scaling Ethereum, but not at the expense of the ETH asset. The foundation supports funding Layer 2s that either burn ETH or share revenue with ETH holders, instead of those that tokenize value for venture capital interests.

“We are the Ethereum Community Foundation. We say what the EF won't. We do what the EF can't. We serve ETH holders because you deserve better,” Cole said.

Cole highlighted that the ECF is a price-focused organization committed to supporting ETH as an institutional-grade asset. The foundation is dedicated to funding infrastructure that drives direct value to ETH stakeholders, with a strict focus on ETH burn only and no token issuance. See the grant eligibility criteria below.

"So, we'll fund stuff like a DEX that burns 100% of its fees in ETH. No tokens, no governance. There's no reason why applications shouldn't be generating revenue by charging ETH and collecting ETH in fees."

Cole also emphasized that the United States is Ethereum’s largest market, yet the ecosystem has consistently failed to engage. This neglect not only does a disservice to the entire network but also undermines Ethereum’s potential to establish itself as a true monetary premium. "The US is writing stable coin laws, defining crypto taxes, shaping custody rules, and Ethereum is nowhere to be found,” Cole said. "And we're going to put an end to that. We'll be there. This isn't politics. It's defense."