Ethereum Community Pushes for New Group to “Save” ETH
His comments came due to the growing frustration surrounding the Ethereum Foundation after the departures of several high-profile contributors, including Feist himself, Danny Ryan, Carl Beek, and Julian Ma. Feist also criticized the foundation‘s limited ETH holdings and lack of direct exposure to staking and fee revenues, arguing that this weakens its connection to Ethereum’s long-term success. Ethereum Foundation Under Fire within the Ethereum community intensified this week after former Ethereum Foundation developer Dankrad Feist proposed the creation of a new organization to help “save” Ethereum and restore confidence in the network‘s long-term direction. Feist argued that the Ethereum ecosystem now needs an institution that is directly aligned with Ethereum’s economic success and more accountable to the community. In a that was shared on X, Feist suggested forming a new ETH-focused organization backed by at least $1 billion in funding and led by what he described as competent . According to him, the current structure of the Ethereum Foundation no longer provides the level of alignment or accountability needed to support Ethereum‘s growth and value appreciation. He proposed that the new entity should actively work toward increasing Ethereum’s value while funding itself partially through staking rewards and blockchain fee revenue. The Ethereum Foundation currently