The Ethereum Community Foundation has been officially launched, raising millions in ETH to support projects that enhance Ethereum's infrastructure and promote institutional adoption. Spearheaded by Ethereum developer Zak Cole, the foundation aims to align network growth with the interests of ETH holders by funding projects that contribute to ETH destruction. Priority will be given to initiatives that tokenize real-world assets like stocks and real estate, and public goods projects addressing blob space pricing. The foundation will utilize token voting to determine project funding, ensuring transparency in all financial and decision-making processes. Its inaugural funding initiative, the Ethereum Validator Association, seeks to empower validators in network development and infrastructure enhancement. Cole emphasized the foundation's commitment to supporting immutable projects that eschew token games and align incentives with the broader Ethereum ecosystem.