An atherium core developer has established a new organization called the Ethereum Community Foundation, which aims to reach the price of Ether to $ 10,000.
ECF was done by Etreum Core Developer Zak Cle, which Explained His argument for the establishment of the ECF at the Eighth Etharium Community Conference held in Cannes, France on Tuesday.
According to coal, the Etreum Foundation is ignoring Eth as an asset class.
The new organization is set to fund the infrastructure projects that enhance the ethnium ecosystem, while the price of ETH has increased according to coal.
“We are the Etharium Community Foundation. We say (what the atherium Foundation) cannot do, what we can do (Etherium Foundation) we will not. We serve the ethy holders because you deserve better.” Cole said.
In an x PostCole said that Eth’s price is “a direct task of safety.” He said that ETH needs to move towards a mark of $ 10,000 for this reason.
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The project has nothing to do with the Etharium Foundation.
The ECF states that it will provide grants to projects that increase “Ath Burn, contributing to public goods, advance core infrastructure and scale atherium”. ,
To receive the grant, projects must be used as a disposal layer to the atherium, causing Ath Burns due to transactions processed on the atherium mannet.
Additionally, projects should be tokens in nature and irreversible, According On the ECF website.
During his presentation, Cole called out uniswap, Ethereum Name Service and optimism to get support from Ethereum Foundation, but later on launching his own tokens supported by Venture Capital Funding.
“Publicly funded projects should remain public and benefit those who have paid for them,” Cole said.
Coal also prolonged the Etharium Foundation to neglect ETH as a valuable property.
Cointelegraph Etreum reached Foundation, but no response was received until the time of publication.
Atherium verification association
The Ethereum Validator Association (EVA) was declared as the first recipient to receive the grant from ECF.
Coal says that with Eva, verifications will now have to say that the monetary policy of Ethehem is given priority to EIP Road Maps and how the customer priorities of Atherium are shaped.
“Eva introduced the verification representation,” Cole said.
Cole said that Eva will empower customers on its performance basis.
Additionally, Cole highlighted the possible struggle of interest in the form of offcain labs, the team behind the Layer -2 network arbitrum, a ownership share in the Prematic Labs.
In particular, the second largest consensus layer of the Prysm Etreum Network is the customer, According For ethrodes. Prysmatic Labs operates prysm client.
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