币界网报道：Original title: "From Ethereum Foundation to Community Foundation, is the community an end or a means?" July 1, Cannes, France. On the stage of EthCC, Ethereum developer Zak Cole made a shocking statement: "ETH to $10k isn't a meme, it's a requirement!" Translated, ETH rising to $10,000 is not a meme, but a requirement. As soon as he finished speaking, he announced the establishment of the Ethereum Community Foundation (ECF), an Ethereum community foundation that claims to be community-based and vows to push ETH to new heights. The name of this organization to be established easily reminds people of the Ethereum Foundation (EF), which is only one word different but more official. Later, Zak Cole said in his speech: "We say what the Ethereum Foundation (EF) is unwilling to say and do what they are unwilling to do. We provide services to ETH holders because you deserve better. Our North Star, our token Ticker, is ETH." Applause and doubts exploded on the X platform at the same time. Some people cheered that this was the awakening of the community, and some people sneered at another speculative gimmick. Ethereum, the king of DeFi, NFT and Layer 2 innovation, is facing a pincer attack from low prices and rivals such as Solana. The Ethereum Foundation (EF), which was established 11 years ago, has promoted the technical upgrades of Ethereum The Merge and Dencun, but has also been criticized for high expenditures and alienating the community. At this time, the slogan of ECF is indeed timely to shout about serving the community and ETH holders, but saying and doing are completely different concepts. What is its specific plan to make ETH rush to $10,000? Compared with EF, what differences does it bring? The banner of transparency and empowerment Judging from the content of the on-site speeches, ECF's goals are clear and radical: to push up ETH prices, accelerate institutional adoption, and empower the community. In general, it will first increase ETH destruction by funding high-volume projects (such as real-world asset tokenization), reduce circulating supply, and push ETH prices to $10,000. Secondly, ECF plans to provide banks and enterprises with simple Ethereum integration solutions, promote Ethereum as a global settlement layer, and attract traditional finance to enter the market. Finally, it promises to give validators and communities more say in protocol development and funding allocation through the Ethereum Validator Association (EVA) and coin voting mechanisms. In terms of specific strategies, ECF's execution revolves around "immutable, token-free" projects. It will give priority to funding high ETH consumption applications such as on-chain financial derivatives and real estate tokenization to ensure that the destruction mechanism of EIP-1559 has the greatest effect. To attract institutions, ECF plans to work with regulators to develop compliant on-chain solutions, while investing in validator infrastructure such as staking tools and node optimization to enhance network security. In addition, transparency is its core selling point: all funding decisions are made through community voting, and the flow of funds is 100% public, striving to draw a clear line with the "black box operation" of the Ethereum Foundation (EF). If he is not talented, replace him. In the Romance of the Three Kingdoms, Liu Bei entrusted his son to Zhuge Liang in Baidi City, and on his deathbed, he said to Zhuge Liang: "If my son can be assisted, then assist him; if he is not talented, you can take him yourself." Meaning, if my son is not talented, you can directly replace him. Ethereum in 2025 is also at such a historical juncture. The Ethereum Foundation (EF) seems to be the helpless Liu Chan; but will the Ethereum Community Foundation (ECF) be the loyal Zhuge Liang? After the above set of combined punches, ECF is obviously hitting the official Ethereum Foundation --- Zak Cole's speech also grasped the pain points of EF: low prices, community alienation, and competition failure. The Ethereum Foundation (EF) was once the beacon of Ethereum. However, this year we have seen more negative discussions about it. EF is indeed mired in internal and external troubles. High expenditures, centralized decision-making and market failures have caused complaints from the community. EF spent as much as $134.9 million in 2023 to fund projects such as mainnet upgrades and zero-knowledge proofs, but was criticized for lack of transparency. The community also questioned its Ecosystem Support Program for lack of funding allocation details and project progress, and the concentration of decision-making power in a few management levels, which is contrary to the concept of decentralization. In 2024, EF researchers Justin Drake and Dankrad Feist resigned due to the EigenLayer advisory controversy, further exposing the conflict of interest problem, and calls for "EF out of control" on the X platform continued. Internal reorganization and layoffs further highlighted the management dilemma. In 2024, the revenue of Ethereum mainnet dropped sharply, Layer 2 (such as Arbitrum, Optimism) diverted transaction volume, and the ETH destruction effect of EIP-1559 was weakened due to the reduction of mainnet activity. ETH price failed to outperform Solana in the 2024-2025 bull market. The latter has advantages in transaction speed and low fees, and Binance Smart Chain also diverted some DeFi traffic. In terms of institutional adoption, EF's neutral stance has made Ethereum's progress in the expansion of traditional finance slow, far less than Solana's cooperation with enterprises. The disappointment of the community also paved the way for ECF's debut today. Zak, a serial entrepreneur, proposes and disposes. Whether ECF can bring ETH to $10,000 depends on people. However, the past of Zak Cole, a core developer, is like a double-edged sword.It not only adds luster to his ambition, but also casts a shadow on the credibility of ECF. He is a well-known serial entrepreneur in the circle and has served as the co-founder of many projects. However, the results of these serial entrepreneurship seem to run counter to his current slogan of empowering the Ethereum community. The community is often the victim of the scalper. According to the well-known whistleblower blogger Crypto Fearless on X, the market performance of several relatively large projects that Zak participated in was not ideal. For example, BTC L2 Corn broke the issue price shortly after it went online, and the airdrop strategy also reversed the community; and the tokens of the ancient project ICON that he participated in in 2017 were almost zero. (Source: X user Crypto Fearless @cryptobraveHQ) Of course, there are environmental problems such as the sluggish crypto market and the falsification of various narratives and projects, but it is also hard to believe that a person who has started a serial business over and over again will inject lasting efforts into the Ethereum community. ECF's ambition of "ETH to $10k" still needs to be questioned at this time. Its price-driven strategies, such as funding high-burn projects and institutional adoption programs (such as working with banks), may be able to push up the value of ETH in the short term, but they also face speculative risks and centralization risks. After all, you don’t know if the next crypto project will be a re-skin of the previous rug. The crypto world has been up and down, and we have seen too many ups and downs, and often transparent promises are just slogans, and the community is just a pawn caught up in price ambitions. Will it be different this time?