The Ethereum Community Foundation is now live, raising millions in ETH.  
It backs "immutable, token-free" projects to boost ETH adoption and price.  
Founded by Zak Cole, it funds projects that burn ETH, aligning with holder interests.  
Priority goes to real-world asset tokenization and public goods like blob pricing fixes.  
Projects are chosen via token votes, with full transparency.  
First grant goes to the Ethereum Validator Association for infrastructure support.  
Cole says: "We fund ET