Expert Urges Ethereum to Back Serious Builders or Lose Future Talent

Expert and co-founder of Alliance, Jacob Franek, has urged Ethereum to support serious builders or lose future talent. Franek also co-founded and was the COO of Coin Metrics.

In a recent X post, the Alliance executive highlighted several points the Ethereum community needs to implement. He noted that the community is losing young builders to other chains and industries like AI.

Franek Expects More From Ethereum

Following the report, Franek urged Ethereum to direct more funding to accelerators, incubators, ecosystem venture funds, and growth funds. He also warned against investing primarily in research.

“If you don’t attract young talented builders, you will die. It’s that simple,” Franek said.

Meanwhile, according to the latest Alliance data, Solana and Ethereum are nearly tied in terms of startup interest. Still, the growth rate of Solana applications suggests it may soon lead as the dominant founder ecosystem.

Moreover, he stated that hackathons, a competitive event where blockchain enthusiasts come together to develop consumer applications or tools for blockchain developers, are generally not for serious builders.

Despite their frequency in crypto, especially Ethereum, hackathons rarely lead to robust, lasting products. In contrast, major AI breakthroughs did not emerge from hackathons or weekend contests.

Furthermore, Franek advised Ethereum to scale Layer 1 and improve L2 composability, though this challenge is complex. Decades of experience with Web2 demonstrate that users reject friction. To succeed, onboarding and user interfaces must be incredibly simple. He noted that most users, especially younger ones, consistently choose the path of least resistance.

“UI and onboarding have to be stupidly simple. 99 times out of 100, a user will choose the app of least resistance. This is particularly true of younger generations with declining attention spans,” he added.

ETH Battles To Meet Up

While the broader crypto market sees remarkable price changes, ETH is noticeably lagging. In recent weeks, Bitcoin (BTC), Solana (SOL), and other popular altcoins have surged to new all-time highs (ATHs), sending a signal of renewed retail interest, institutional adoption, and optimism. BTC has cemented its lead, as it eyes the $100,000 price mark.

ETH, by contrast, has struggled to reclaim its previous ATH of over $4,500 seen in 2021. However, it is now seeing a mid-price gain in recent times, which has fueled hope in the ETH community for an incoming price surge.

The digital asset’s sign of recovery has reignited optimism among traders who lost confidence. At press time, approximately 33.5 million ETH is currently staked on the Ethereum consensus layer, representing about 27.8% of the total Ethereum supply.

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