Former EF developer Dankrad Feist suggests $1 billion raise to form new Ethereum advocacy group
The Block
Former developer Dankrad Feist proposes creating a new $1 billion Ethereum-focused organization to improve accountability and boost the network's value.Summary
Former Ethereum Foundation developer Dankrad Feist has proposed establishing a new, well-funded organization to support the Ethereum ecosystem. Citing growing dissatisfaction with the current foundation, Feist argues that a new entity with at least $1 billion in funding—leveraging staking revenue and accountable leadership—is necessary to better align with Ethereum's economic interests. This proposal follows a series of high-profile departures from the Ethereum Foundation, including Feist himself and other key researchers.
(Source：The Block)