Bitmine, Sharplink and Joe Lubin back Ethereum R&D nonprofit
CoinTelegraph·
60-second summary
Bitmine, Sharplink, and Joe Lubin are backing Ethereum R&D nonprofit Ethlabs, aiming to prepare the network for institutional demand driven by stablecoins, tokenization, and AI. Ethlabs seeks to enhance Ethereum's scalability and usability for institutional investors, positioning the network for increased adoption and growth in the rapidly evolving cryptocurrency market.
Sharplink says the new nonprofit, Ethlabs, “exists to ensure the network is ready to absorb” the demand that institutions will place on it with stablecoins, tokenization and AI.