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BlockBeatNews
"Save" Ethereum: Former Foundation Developer Proposes Raising $1 Billion to Establish ETH Advocacy Organization
BlockBeats reports that Feist proposes raising at least $1 billion to establish a new type of Ethereum advocacy organization to "save" ETH and align directly with the network economy.
The foundation, as a non-profit holding very few tokens and having no stable income, struggles to promote ETH price, requiring strong funding, a leadership willing to fight, and a board of directors whose interests are tied to ETH price.
Meanwhile, the foundation continues to experience talent outflow, with Feist having already left to join Tempo, and this week two researchers resigned, with governance and ETH performance sparking widespread dissatisfaction.
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