According to Haseeb Qureshi, Managing Partner at Dragonfly, the Ethereum Foundation (EF) is reportedly investigating changes to community feedback and its operations.
After meeting EF members at Eth San Francisco, Qureshi noted the sense of urgency within the organization and the perception that the landscape has changed since 2020.
He proposed that EF leaders are actively considering ways to replicate successful initiatives like Solana's super team and are considering ways to change focus from research-driven efforts to encourage project development and investment.
Qureshi has been added:
“Ethereum leadership has received a lot of criticism, and it's important to know that you know this – it's working, they're listening.
He also shared that EF leadership demonstrates greater openness to external ideas and shares its distant distant from a mentality that has not been invented here.
Community Criticism
The Ethereum (Eth) community has expressed concern about the foundation's direction, especially given the lower performance of ETH compared to other major ciphers in 2024.
In particular, ETH performance against Bitcoin (BTC) It reached an all-time low On March 13th, 1 ETH represents 0.02240 BTC.
Even when Ethereum shows positive development, such as the US Treasury boasting more than $3.2 billion tokenized per RWA.xyz, inactive performance occurs. data. This represents almost 70% of the market.
Market participants question the foundation's financial management, highlighting the impact of ETH sales on price stability.
As a result, EF began modifying its structure. February 25th, Ayamiyaguchi I resigned As executive director, I moved to president. The foundation has not yet appointed a successor, and co-founder Vitalik Buterin mentioned the revised plan for the leadership structure without providing specific details.
On February 28th, EF announced the Sylviculture Association, an “unofficial lawyer” for outsiders, to create a channel for community feedback and influence the path of Ethereum. The goal is to preserve the “core values of open source, privacy, security and censorship resistance” of EF.
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