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      tldr; Zak Cole, an Ethereum core developer, announced the launch of the Ethereum Community Foundation (ECF) at the Ethereum Community Conference on July 2. The ECF aims to boost Ethereum’s ecosystem and drive its price to $10,000 by funding projects, enhancing infrastructure, and collaborating with institutions. Unlike the Ethereum Foundation, the ECF focuses on maximizing ETH value and minimizing token issuance. Cole emphasized that ETH’s price is crucial for network security and global transactions, positioning it as competitive with gold’s monetary role.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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