Ethereum gets a new nonprofit focused on institutional adoption
CoinDesk·
60-second summary
Ethereum is getting a new nonprofit focused on institutional adoption, emerging as the Ethereum Foundation narrows its focus to core protocol stewardship. This new entity, likely to be led by EthLabs, will take on ecosystem functions such as research and development, potentially paving the way for increased institutional investment in the Ethereum ecosystem, driving growth and adoption.
The launch comes as the Ethereum Foundation narrows its focus to stewarding the core protocol, with independent organizations like EthLabs emerging to take on ecosystem functions such as research & development.