By Key Points
- This man gave 100 ETH to the 2077 Collective.
- The goal of 2077 Collective is to rebuild Ethereum’s image.
- Ethereum gas fees hit the lowest point since 2016.
- New initiatives for growth at Ethereum have just been launched by the 2077 Collective.
The co-founder of Ethereum, Vitalik Buterin, donated 100 ETH (worth about $300,000) to the 2077 Collective. This large donation shows his ongoing commitment to growing the Ethereum ecosystem and supporting community-driven projects.
Also known as “Ethereum’s Unofficial Marketing Department,” the organization aims to change how people perceive and use Ethereum in wider communities.
WuBlockchain reported on July 6th that it had received a message from Emmanuel Awosika, a researcher at the collective confirming this transaction which was later supported by them.
Curiosity has been aroused among crypto enthusiasts after sending funds into a multi-signature address. More importantly, this is one among many hefty amounts given out by Buterin in 2024 as he strategically invests in ideas that could fuel adoption and growth for Ethereum.
CRYPTO BREAKING NEWS
Vitalik Buterin contributes about $300,000 to the 2077 Collective. According to recent data from WuBlockchain on X, Ethereum’s co-founder Vitalik Buterin transferred 100 ETH to a multisig address on July 6. Many people on X suspected that the money,… pic.twitter.com/WnMp1XgEse— InnovatekMobile (@Neome_com) July 7, 2024
Visionary for Ethereum: The yearning of the future
To make ethereum cool again: that is what they are about. They aim to fix marketing deficits preventing the wider appeal of ethereal and also improve its public image as a blockchain technology platform, according to Emmanuel Awosika who works there as an analyst.
He said while builders create infrastructures on top of the Ethereum blockchain or developers work around smart contracts there is no enough effective marketing effort put towards new chains like Arbitrum which came later than this one called ETHERNET.
Beyond mere marketing: these guys want perception change too; therefore research, idea generation positive development, etc should be their tools if they must succeed in making everyone love Ethereum again.
EIP 2077 is one such that seeks developers users investors among others as members who can help build brand awareness around ETHEREUM while onboarding them into useful projects as well Another initiative called 2077 Research will try to explore different areas within the Ethereum ecosystem to provide insights that are helpful for users.
Other than EIP wiki there is also Etherpedia which basically acts like Wikipedia but mainly focuses on educating people about everything they need to know regarding ether
The official website was launched by the collective on June 28th and invited enthusiasts together with stakeholders to join hands with them. The announcement received positive feedback from many quarters who expressed their readiness to support its mission thus hoping it will attract more interested parties which include MegaETH, StarkNet, EigenLayer, and Spire Labs among other prominent organizations working in the space.
Surprisingly Low Gas Fees for Ethereum
For the first time since twenty sixteen gas fees have hit rock bottom. On June 30th Conor Gregon, Director at Coinbase said that the per-hour average fee recorded was 2.94 gwei which happens to be the second lowest ever charged by Ethereum.
The network achieved a milestone as some transactions were carried out at a cost of only 1.75 gwei per transaction thereby making it possible for anyone to transact affordably on this platform without worrying much about transaction costs in terms of gas fees
According to March 2024’s Dencun upgrade, transaction fees have dramatically decreased. After the update was applied, gas fees on the Ethereum network fell by 92% which allowed cheaper transactions and therefore sparked wider blockchain adoption. Being more impactful than any change since Ethereum’s Merge, Dencun illustrates that this platform can continually grow and scale.
Web3 developer Unnawut noted that lowering gas costs so much was an incredible feat, he also said it could bring about increased use of robust infrastructures like those provided by Ethereum if only people took advantage of their cheapness. This is in line with what the 2077 Collective strives for as they want to make lower transaction fees accessible to a larger number of individuals.
Join the Movement
The 2077 Collective is actively looking for developers, users, and investors who are interested in creating real-world solutions on top-of-the-line blockchains such as Ethereum.
Megadeth, StarkNet, EigenLayer, and Spire Labs among others have already pledged support behind this project while providing financial backing too should be enough motivation for anyone out there wanting to help take cryptocurrencies into mainstream.
Media outlets forevermore start by making them seem more like recognized brands rather than just another nameless supply chain management tool or whatever else it might currently represent within certain circles.
To stay connected or even contribute yourself please visit the official site for The 2077 Collective where we hope you’ll join us united under one vision: Making Ethereum into something greater not only recognized throughout all corners but respected worldwide as well!
