Ethereum · CoinDesk
Ethereum Foundation cuts and departures aren't a crisis, Joe Lubin confirms
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Ethereum Foundation budget cuts, staff departures and leadership changes have fueled weeks of criticism from parts of the blockchain's community, but Joe Lubin, who was involved in its creation and is now CEO of software developer Consensys, said the moves are a necessary evolution, not a crisis.
Key facts
- For Lubin, those emerging use cases are precisely why the Ethereum Foundation is narrowing its focus
- It is important that the Ethereum Foundation be credibly neutral above reproach," Lubin said in an interview
- Lubin said many of those concerns stem from a misunderstanding of what the foundation is supposed to do for the blockchain, which handles about 2 million transactions a day, according to Etherscan
- The Ethereum co-founder also pushed back on a broader narrative that Ethereum itself has entered a period of decline
Summary
Ethereum co-founder Joe Lubin rejected criticism of the blockchain foundation's recent budget cuts, staff departures and restructuring, arguing the changes are meant to keep the foundation focused on Ethereum's core technology and neutrality rather than commercialization. Lubin said Ethereum's future will be driven by a broader ecosystem of organizations handling adoption and institutional engagement, while emerging trends like AI-powered "agentic commerce" could drive the network's next wave of growth. Lubin, who has no role at the foundation, told CoinDesk that the organization's role should be narrower, more focused on stewarding the network's core technology and values, while other organizations take responsibility for adoption, institutional engagement and ecosystem growth.