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Ethereum developer Zak Cole announced the launch of the Ethereum Community Foundation
The Ethereum Community Foundation’s treasury consists of millions of dollars worth of ETH contributed by individual supporters.
The Ethereum Community Foundation is dedicated to supporting institutional adoption of Ethereum infrastructure and boosting ETH’s price
Governance of the Ethereum Community Foundation is fully transparent and driven by coin voting, with all funding decisions, grants, and treasury movements publicly visible
The Ethereum Community Foundation intends to allocate its treasury to projects that enforce immutability, reject token issuance, and implement ETH-burn mechanisms

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