Bitmine, SharpLink and Joe Lubin Support Ethlabs to Drive Ethereum's Next Phase of Growth

Odaily Odaily: Several former Ethereum Foundation researchers have announced the establishment of the non-profit organization Ethlabs, aimed at propelling Ethereum into its next growth phase and preparing it for institutional adoption. The organization has received support from Ethereum co-founder Joe Lubin, as well as two major ETH treasury companies, Bitmine Immersion Technologies and SharpLink.

Ethlabs stated that as stablecoins, tokenized real-world assets, funds, and autonomous AI business activities migrate on-chain, these demands are converging on Ethereum. Ethlabs' goal is to enhance the performance, trusted interoperability, neutrality, resilience, privacy, and security required for Ethereum to scale and absorb these demands.

The organization was co-founded by five former senior researchers from the Ethereum Foundation, who were involved in driving several key upgrades for Ethereum over the past decade. The establishment of Ethlabs signifies that, in addition to the Ethereum Foundation, major ETH holders and core ecosystem contributors are forming new independent organizations to participate in shaping Ethereum's future direction.

This move also occurs against the backdrop of recent criticism and personnel changes within the Ethereum Foundation. In recent times, some ETH holders and community members have criticized the foundation for failing to maintain sufficient competitiveness. Meanwhile, the departure of several senior executives and key research team members from the foundation has also raised external concerns regarding its organizational stability and strategic direction.