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Ex-Ethereum dev proposes $1B new group to boost ETH value amid Foundation concerns

Market News
21 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Former Ethereum developer Dankrad Feist proposed creating a new Ethereum-focused organization with at least $1 billion in funding to better align economically with Ethereum and support its value. The proposal calls for stronger leadership accountability to the community and a clear mandate to help increase ETH's price. This move adds pressure on the Ethereum Foundation, which faces criticism over governance, funding, and recent staff departures. Feist's plan highlights ongoing concerns about the Foundation's limited economic stake in ETH and its ability to fund long-term ecosystem support.

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