Update
Ethereum Co-Founder Embraces Store of Value Narrative
Ethereum co-founder Vitalik Buterin argues that Ethereum should focus on becoming a Store of Value (SoV) rather than following its roots as a fee-burning token. Buterin, who previously believed Ethereum was better suited as a SoV, now sees the need for the project to behave more like a company to maintain this new ethos. He notes that changes like EIP-1559, which includes a burn mechanism, have positive implications for tokenization and lending strategies, but warns that a significant drop in ETH value could affect these use cases.