Ethereum Community Foundation Focuses on ETH Burn and Zero New Tokens

• Initiative prevents creation of new tokens on Ethereum
• Foundation supports projects with ETH burning
• ECF aims to strengthen Ethereum economy

During the Ethereum Community Conference held in Cannes, France, developer Zak Cole announced the launch of the Ethereum Community Foundation (ECF), an initiative that aims to financially support projects that increase the economic value of Ethereum without creating new tokens.

The ticker is $ ETH .

The foundation was created by Cole together with strategic supporters of the ecosystem and has already raised millions in resources. According to the founders, the investments will be directed exclusively to initiatives that promote immutability, implement ETH burning mechanisms and avoid additional issuance of digital assets.

These criteria are in line with the proposal to reduce the circulating supply of Ether and preserve the network’s monetary policy. One of the first projects of the ECF is the creation of the Ethereum Validator Association (EVA), which will allow validators to use their staked ETH to signal preferences regarding protocol development.

In addition to expanding the decision-making power of validators, EVA intends to invest in infrastructure to increase the decentralization and security of the Ethereum network.

Another area of ​​focus for the ECF is supporting integrations of real-world assets with the Ethereum blockchain. The foundation sees the tokenization of stocks, bonds and real estate as a key step to attracting traditional institutions and expanding adoption of the ecosystem.

The ECF also aims to fund public goods aimed at solving technical challenges in the network, such as adjusting prices in blob space used in data availability solutions.

All resource allocation processes will be conducted through currency voting, with full transparency in decisions, treasury movements and goals of supported projects.

The foundation’s launch comes at a time of institutional reorganization within Ethereum, with recent changes in the Ethereum Foundation’s leadership. The new body will also engage with government authorities and regulators, seeking to solidify Ethereum as a trusted infrastructure layer for institutional applications.

While the names of ECF funders have not been revealed, further announcements are expected in the coming weeks, indicating a continued agenda of supporting the economic sustainability of the Ethereum network.