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Dankrad Feist Proposes $1B Ethereum Advocacy Organization to Boost ETH Adoption

GateNews

Project Progress

2026-05-22 00:54:22

ETH-0.1%

According to BlockBeats, on May 22, Dankrad Feist, a former Ethereum Foundation core developer, proposed establishing a new ETH advocacy organization funded with at least $1 billion. The initiative aims to address the foundation's limited economic alignment with the Ethereum network. The current foundation holds less than 0.1% of ETH and receives no staking or fee revenues, limiting its ability to drive ecosystem growth and support network interests. The proposed organization would require strong leadership committed to ETH advancement, board members with direct financial incentives in ETH price appreciation, and potential funding from staking revenues to ensure long-term accountability and economic alignment with the Ethereum ecosystem.

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