A new fund focused on Ethereum has raised a significant amount of ETH and aims to support projects aligned with Ethereum's core principles.
The fund prioritizes ETH price appreciation as a key objective and sets strict criteria for projects seeking support, such as integrating mechanisms that burn ETH.
The fund, distinct from the Ethereum Foundation, aims to fill leadership and incentive gaps and supports projects that contribute to ETH's scarcity.
Market participants are observing to see if the fund's strategy will further boost ETH's value after its recent breakout to $2,600.