what's ETHGas Foundation?
The ETHGas Foundation is a decentralized governance entity focused on advancing Realtime Ethereum by transforming chaotic blockspace into a structured, tradable asset class. It coordinates ecosystem resources to enable gas abstraction, allowing protocols to sponsor user gas fees and deliver instant, frictionless transactions without traditional gas pain points like volatility, delays, or MEV risks. Through initiatives like the Open Gas Initiative and gas rebates, the Foundation builds infrastructure for programmable, predictable gas management and blockspace futures markets. Leveraging validator-backed security (e.g., via EigenLayer), it aims to make Ethereum's performance comparable to traditional finance, powering gasless UX for DeFi, NFTs, and broader Web3 applications.
ETHGas Foundation's Jan 18 airdrop uses gas spend, X quests, and Beans for token allocation.
Links
x.com/ethgasfndnAirdrop scheduled with snapshot on 2026-01-18, allocating tokens based on historical gas spend (via Gas ID), verified social quests on X, and community engagement measured by collected "Beans".
GASS token officially confirmed as the project's native token.
Launched the ETHGas Foundation as a new organizational entity.