The post Ethereum Devs Back ‘Tokenless’ Projects with Burn-Centric Funding to Preserve ETH Scarcity appeared on BitcoinEthereumNews.com.

Ethereum is getting a boost from a new group called the Ethereum Community Foundation, launched by developer Zak Cole, who shared the news on X. The foundation has raised millions in ETH, which it plans to use to fund projects focused on building unbiased technology for Ethereum. Ethereum core developer Zak Cole is spearheading a new effort to strengthen both the economic and technical foundations of the Ethereum (ETH) network. The initiative, called the Ethereum Community Foundation (ECF), is focused on boosting Ethereum’s long-term value while supporting a healthy, decentralized ecosystem. Many other crypto projects that launch their own tokens, Zak explained on X that the ECF is taking a different approach: working within Ethereum’s existing framework without adding more tokens to the mix. He said, “No VCs. No equity. No tokens. Our upside is burning ETH and sending it to $10k.”‘ No VCs. No equity. No tokens. Our upside is burning ETH and sending it to $10k. It’s that simple. We fund apps that only burn ETH which are nonuogradable and immutable. Burn. ETH. pic.twitter.com/F0CzKRyCVW — zak.eth (@0xzak) July 1, 2025 ECG was formally introduced at the Ethereum Community Conference (EthCC) held in Cannes, France, one of the largest annual gatherings of developers, researchers, and Ethereum enthusiasts. Founded by Cole and a group of committed Ethereum ecosystem supporters, the ECF has already raised millions of dollars in funding. These funds are earmarked for a targeted set of initiatives that are aligned with Ethereum’s broader monetary vision. A Deflationary Plan for ETH The project stated on its website, All supported integrations must contribute to ETH burn. This aligns institutional throughput with ETH holder value. By prioritizing mechanisms that reduce ETH supply, we ensure that adoption strengthens the monetary integrity of the network. Specifically, the foundation will prioritize projects that will…

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Filed under: News - @ July 3, 2025 7:20 am