BitMine Immersion Technologies · Ethereum · Decrypt
BitMine, Sharplink, Joe Lubin Back New Ethereum Research and Development Lab
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Ethlabs, a new non-profit research and development organization founded by former Ethereum Foundation researchers, aims to better prepare the network and its native token for institutional adoption.
Key facts
- More than 50 other ecosystem contributors are listed as community supporters, including those from layer-2 networks, venture capital, and decentralized projects on Ethereum
- The price of Ethereum has not reflected the optimism among crypto participants amid the news, jumping 0.1% in the last 24 hours
- The effort is being funded by the largest publicly traded Ethereum treasury firms, BitMine Immersion Technologies and Sharplink, as well as Ethereum co-founder Joe Lubin
- Last month, Ethereum researcher Dankrand Fiest, who left his post at the Ethereum Foundation for a role with Stripe’s stablecoin network Tempo, suggested a new group could “save Ethereum” if it
Summary
Ethlabs is a new non-profit research and development firm founded by former Ethereum Foundation researchers. The organization is being funded by Ethereum co-founder Joe Lubin as well as public ETH treasuries BitMine and Sharplink. The launch comes one week after the departure of another Ethereum Foundation co-director. The effort is being funded by the largest publicly traded Ethereum treasury firms, BitMine Immersion Technologies and Sharplink, as well as Ethereum co-founder Joe Lubin.