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Ethereum Community Foundation forms with ‘mandate’ for $10K ETH

cryptocurrency July 3, 2025

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Ethereum core developer Zak Cole has launched the Ethereum Community Foundation to “do what the [Ethereum Foundation] won’t.”

An Ethereum core developer has set up a new organization called the Ethereum Community Foundation, with one of its aims to bring the price of Ether to $10,000.

ECF was spearheaded by Ethereum core developer Zak Cole, who explained his rationale for setting up ECF at the eighth Ethereum Community Conference held in Cannes, France, on Tuesday.

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According to Cole, the Ethereum Foundation has been neglecting ETH as an asset class.

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