Ethereum Community Foundation forms with ‘mandate’ for $10K ETH

Ethereum core developer Zak Cole has launched the Ethereum Community Foundation to “do what the [Ethereum Foundation] won’t.”

An Ethereum core developer has set up a new organization called the Ethereum Community Foundation, with one of its aims to bring the price of Ether to $10,000.

ECF was spearheaded by Ethereum core developer Zak Cole, who explained his rationale for setting up ECF at the eighth Ethereum Community Conference held in Cannes, France, on Tuesday.

According to Cole, the Ethereum Foundation has been neglecting ETH as an asset class.

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