Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
CoinDesk·
60-second summary
Ethereum's eventful week unfolds with the launch of EthLabs, a decentralized development platform, and layoffs at the Ethereum Foundation, reportedly affecting 20% of staff. Industry insiders, including Binance CEO Changpeng Zhao and Polygon co-founder Sandeep Nailwal, express optimism about the changes, citing potential for increased innovation and decentralization, which could boost Ethereum's adoption and price.
In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.