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Ethereum Devs Back ‘Tokenless’ Projects with Burn-Centric Funding to Preserve ETH Scarcity

  • 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.

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