Ether’s biggest corporate holders back new Ethereum research hub
Key takeaways
- The organization is led by five former senior Ethereum Foundation contributors: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, according to the press release.
- The launch comes amid a period of upheaval at the Ethereum Foundation, the Switzerland-based nonprofit that coordinates much of Ethereum's research and development efforts.
- Ethlabs' initial work will focus on faster transaction settlement, expanding Ethereum's capacity and improving infrastructure for institutions issuing tokenized assets and stablecoins onchain.
The move follows a wave of high-level departures from the Ethereum Foundation.A group of former Ethereum Foundation researchers have started a new nonprofit research and development organization backed by some of ether's largest corporate holders, as the Ethereum ecosystem undergoes a major organizational shift.
Ethlabs, announced on Monday, is funded by two of the largest Ethereum treasury firms SharpLink Gaming (SBET), Bitmine Immersion Technologies (BMNR), alongside with Ethereum co-founder and Consensys CEO Joe Lubin and several other entities including Anchorage Digital, Octant and SNZ.
The organization is led by five former senior Ethereum Foundation contributors: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, according to the press release. The researchers worked on areas including Ethereum scaling, data availability, protocol economics and network finality.