The Ethereum Community Fund has officially launched, focusing on infrastructure development and deflationary mechanisms.

Gate News bot reports that, according to The Block, the Ethereum Community Foundation led by Zak Cole has been officially established with the number (ECF). The foundation has raised millions of dollars in ETH, focusing on supporting institutional adoption of Ethereum infrastructure.

The funds from ECF will be used to support "immutable and tokenless" projects, focusing on application projects that can promote the ETH deflationary mechanism, including the practical application of bringing assets such as stocks, bonds, and real estate on-chain.

The foundation makes funding allocation decisions through a coin voting mechanism, maintaining transparency throughout the process. As the first initiative, the ECF will establish the "Ethereum Validator Association," allowing network validators to participate in development decisions by staking ETH.

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