Ethereum · BitMine Immersion Technologies · CoinDesk
Ether’s biggest corporate holders back new Ethereum research hub
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A group of former Ethereum Foundation researchers have started a new nonprofit research and development organization backed by some of ether's largest corporate holders, as the Ethereum ecosystem undergoes a major organizational shift.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Ethlabs, announced on Monday, is funded by two of the largest Ethereum treasury firms SharpLink Gaming (SBET), Bitmine Immersion Technologies (BMNR), alongside with Ethereum co-founder and Consensys
- The organization is led by five former senior Ethereum Foundation contributors: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, according to the press release
- The launch comes amid a period of upheaval at the Ethereum Foundation, the Switzerland-based nonprofit that coordinates much of Ethereum's research and development efforts
Summary
Five former Ethereum Foundation researchers have launched an independent nonprofit, Ethlabs. SharpLink and Bitmine, two of the largest corporate ETH holders, are backing the organization, as well as Consensys CEO and Ethereum co-founder Joe Lubin. The move follows a wave of high-level departures from the Ethereum Foundation. Ethlabs, announced on Monday, is funded by two of the largest Ethereum treasury firms SharpLink Gaming (SBET), Bitmine Immersion Technologies (BMNR), alongside with Ethereum co-founder and Consensys CEO Joe Lubin and several other entities including Anchorage Digital, Octant and SNZ.