ethlabs

The Ethereum community is debating the proposal to tax staking rewards. The newly established EthLabs has received support from institutions such as BitMine, providing off-chain funding alternatives for ecological development.

David Hoffman, the founder of Bankless who previously liquidated all ETH, posted on X about the newly established Ethlabs, stating: "The Ethereum Foundation (EF) has deliberately left a power vacuum for new organizational structures to emerge and influence the direction of Ethereum's development. I believe the direction led by Ethlabs represents the brightest future for Ethereum. I am pleased and will continue to support them on their path forward."Previously, David Hoffman publicly stated in late May that he had liquidated all ETH. Last night, several former Ethereum Foundation researchers announced the establishment of the nonprofit organization Ethlabs, aimed at promoting Ethereum's next phase of growth, with support from Bitmine, SharpLink, and Joe Lubin among others.

According to GlobeNewswire, former Ethereum Foundation researchers have established an independent nonprofit organization called Ethlabs, supported by Bitmine, SharpLink, Ethereum co-founder Joe Lubin, and ecosystem participants such as Anchorage, Octant, and SNZ, aiming to prepare for the next phase of institutional adoption of Ethereum. The five co-founders include Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma, who have led significant upgrades to the network over the past decade. Ethlabs' early work will focus on the demand for large-scale institutional on-chain solutions: faster settlement speeds, native issuance, cross-chain transactions based on robust infrastructure, mainnet capacity, and research laying the foundation for ETH's monetary properties.