Monad announces the establishment of the Monad Foundation

ChainCatcher news, according to official sources, Monad has announced the establishment of the Monad Foundation, which will focus on promoting validator-led governance, community improvement proposals, developer documentation maintenance, and ecosystem development.

The original Monad Labs team will be renamed Category Labs, with James Hunsaker serving as CEO, primarily responsible for the research and development of underlying blockchain technology. Keone Hon and Eunice Giarta will join the newly established foundation, while the original business development, ecosystem, community, marketing, developer relations, and operations teams will also transition to the foundation.