Zak Cole to Unveil New Ethereum Community Foundation at EthCC[8], Targeting Enhanced ETH Burn and Momentum

Cannes, France – Zak Cole, Founder and CEO of Whiteblock, announced plans to launch the "Ethereum Community Foundation" (ECF) at EthCC[8], a major Ethereum-focused conference. The announcement, made via a tweet on June 30, 2025, stated that the new initiative aims to "put ETH back on track" by focusing on "real burn, real alignment, real momentum" for the cryptocurrency, with a presentation scheduled for July 1, 2025, at 11:55 on the main stage.

Cole, a known figure in the Ethereum ecosystem with previous involvement in Eth2 testing through Whiteblock, is initiating the ECF as a distinct entity from the long-established Ethereum Foundation (EF). The EF is a Swiss non-profit that has historically supported the development and growth of the Ethereum blockchain through grants and research. The creation of a separate "Community Foundation" suggests a new, perhaps more community-driven or focused, approach to addressing perceived challenges within the Ethereum network.

The tweet's emphasis on "real burn" likely points to a renewed focus on the deflationary mechanisms of Ether (ETH), particularly in light of EIP-1559, which introduced a burning mechanism for transaction fees. While EIP-1559 already removes ETH from circulation, Cole's statement could signal efforts to enhance this effect or introduce supplementary measures to increase the scarcity and value proposition of ETH. This objective aligns with broader community discussions around ETH's economic model and its potential as "ultrasound money."

Furthermore, "real alignment" and "real momentum" suggest a strategic push for greater cohesion within the diverse Ethereum community and an acceleration of its market performance and adoption. EthCC[8], held in Cannes, serves as a prominent platform for such an announcement, bringing together developers, investors, and thought leaders from across the global Ethereum landscape. The launch of the Ethereum Community Foundation marks a notable effort from within the community to galvanize support and direct future initiatives for the network.

"Join me on the main stage tomorrow at 11:55. We’re launching the Ethereum Community Foundation to put ETH back on track. Real burn, real alignment, real momentum. The ticker is $ETH," Cole stated in his tweet.

The initiative will be closely watched by the crypto community, as stakeholders assess how the Ethereum Community Foundation plans to achieve its ambitious goals and whether its efforts will complement or diverge from the ongoing work of the existing Ethereum Foundation and other ecosystem players. The success of "real burn, real alignment, real momentum" will depend on the specific strategies and collaborations the new foundation implements.