Dankrad Feist proposes to raise $1 billion to establish a new organization to support Ethereum

According to The Block, former Ethereum Foundation researcher Dankrad Feist posted on the X platform suggesting the establishment of a new organization aligned with the Ethereum economy to "save" Ethereum. He pointed out that the Ethereum Foundation holds less than 0.1% of ETH and lacks staking and fee income inflows, so the new organization needs to raise at least $1 billion, managed by competent leaders, with some funds coming from staking income, and driven by a more responsible board of directors to increase ETH prices. Feist left the foundation last year to join the Layer 1 network Tempo.