The main step toward “saving” the leading altcoin is creating a new organization with a fund of at least $1 billion.
Former Ethereum Foundation researcher Dankrad Feist has proposed creating a new organization that would be economically closely tied to Ethereum (ETH) and accountable to the community. In his view, this is one of the few ways to ensure the network’s long-term development.
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Core of the Proposal
Feist noted that the current Ethereum Foundation owns less than 0.1% of ETH’s total supply and receives no revenue from staking or network fees. This, he said, significantly limits the foundation’s ability to influence ecosystem development.
He proposed creating a new structure with initial capital of at least $1B. The organization would need:
- Competent and motivated leadership
- A board of members directly interested in Ethereum’s growth
- A permanent funding mechanism, including a share of staking income
“This is very hard to imagine, but I think it is the only way,” Feist wrote.
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Community Reaction
The initiative drew mixed reactions. Part of the community supported the idea of strengthening economic incentives for Ethereum’s development. Others expressed concerns that such an organization could lead to governance centralization and turn Ethereum into a “corporate blockchain.”
Feist clarified that the new structure should not fully control the network but should have significant influence over the roadmap, development priorities, and the pace of change implementation.
What Is Happening Around Ethereum
The proposal comes amid a continued wave of key employee departures from the Ethereum Foundation. In May 2026 alone, several well-known developers left the organization, including Carl Beek and Julian Ma. Previously, Barnabé Monnot, Tim Beiko, Josh Stark, and others also departed.
The Ethereum Foundation has not yet commented on Feist’s initiative.
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