EthLabs, Ethereum’s newest nonprofit research organization, has demurred at insinuations that it is attempting to replace a struggling Ethereum Foundation. Instead, its founders, former leaders of the foundation, argue it's a response to a changing Ethereum ecosystem, one where the foundation is narrowing its focus while new organizations step in to tackle broader adoption.
The timing of EthLabs' launch calls that into question.
The organization publicly unveiled itself just one day before there were major layoffs at Ethereum Foundation, and only a few days after co-executive director Hsiao-Wei Wang announced her resignation, adding to what has become a period of significant turnover at Ethereum's most influential institution. Since January, at least nine prominent members of the Ethereum Foundation have departed as the organization undergoes a broader strategic realignment.
For many observers, the departures have fueled questions about the foundation's future role and whether Ethereum's governance model is entering a new chapter. According to EthLabs executive director Ansgar Dietrichs, that transition is exactly why the organization was created.
"We looked around, didn't see anyone else stepping up," Dietrichs told CoinDesk in an interview. "After two months of that, we looked at each other and said, 'Well, if no one else is stepping up, then it has to be us.'"
Dietrichs, along with four other former Ethereum Foundation researchers and developers, some of whom left the foundation just this year to launch EthLabs, a nonprofit dedicated to advancing Ethereum's technical roadmap with a stronger emphasis on real-world adoption.
The creation comes as Dietrichs describes Ethereum as entering a fundamentally different phase of its evolution. "The decade of infrastructure build-out of Ethereum is coming to an end," he said. "Now it's much more about actual institutional adoption."
Over the past decade, Ethereum's developer community focused on building the foundational pieces of the network: from smart contracts and decentralized finance to scaling technologies and layer-2 networks. With those building blocks largely in place, Dietrichs believes the next challenge is ensuring Ethereum can support large-scale financial infrastructure.
"I don't think crypto and Ethereum will ever go back to a time like it was in the past," he said, arguing that the ecosystem has moved beyond the boom-and-bust cycles that previously defined it.

-
1Cantor says bitcoin bear market may be entering final stretch6 minutes ago
-
2Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case11 minutes ago
-
3Bitcoin climbs toward $60,000 after Fed Chair Warsh said inflation risks has come down41 minutes ago
-
4Europe's MiCA rollout sparks debate over who wins under new crypto rules1 hour ago
-
5Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open1 hour ago
-
6French banking giant Crédit Agricole rolls out euro stablecoin, EURXT1 hour ago
-
7Morpho poised to scale as DeFi infrastructure play, Standard Chartered says1 hour ago
-
8Ethereum gets a new nonprofit focused on institutional adoption1 hour ago
-
9Citi slashes 12-month bitcoin, ether targets as ETF flows dry up1 hour ago
-
10Tokenized Google stock inflated 7,700% in rare DeFi lending exploit1 hour ago

Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Ethereum gets a new nonprofit focused on institutional adoption

Tokenized Google stock inflated 7,700% in rare DeFi lending exploit

u.today
cointelegraph.com
coingape.com