The Ethereum Community Foundation (ECF) led by developer Zak Cole aims to support projects on Ethereum without introducing new tokens.
The ECF has raised millions in ETH to fund initiatives focused on enhancing Ethereum's value and ecosystem in a sustainable manner.
Projects funded by the ECF must contribute to burning ETH and reinforce Ethereum's deflationary model introduced in EIP-1559.
The ECF also prioritizes funding technical projects, engages with governance through coin voting, and aims to position Ethereum as a reliable infrastructure layer.