According to Cointelegraph, blockchain researcher William Mougayar stated that the Ethereum Foundation has fulfilled its design responsibilities, and critics have long judged the organization by incorrect standards. Since May, the Ethereum Foundation has sold a total of 25,000 ETH (approximately $47 million) and unbonded over 38,000 ETH (approximately $90 million). Mougayar emphasized that ETH, the Ethereum network, and the Ethereum Foundation are independent entities; as a nonprofit organization, the Foundation’s core mission is to reduce centralization and strengthen the protocol, not to inflate token prices or cater to institutional interests.
William Mougayar: The Ethereum Foundation's Role Should Not Be Judged by the Price of ETH
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Summary
Ethereum news: William Mougayar said the Ethereum Foundation has achieved its design goals, but critics are using incorrect metrics to evaluate it. Since May, the foundation has sold 25,000 ETH ($47M) and unstaked 38,000 ETH ($90M). Mougayar emphasized that ETH, the network, and the foundation are distinct entities. The nonprofit’s mission is to reduce centralization and strengthen the protocol—not to generate ETH news or serve institutions.
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