Bankless founder, who has fully exited ETH, expresses support for Ethlabs, calling it "the brightest future for Ethereum"

Odaily News David Hoffman, the founder of Bankless who previously liquidated all his ETH, posted on X regarding the newly established Ethlabs, stating: "The Ethereum Foundation (EF) deliberately left a power vacuum, allowing new organizational structures to step up and influence the direction of Ethereum's development."

"I believe the direction Ethlabs is leading represents the brightest future for Ethereum. I am pleased to and will continue to support them on their journey ahead."

Previously, David Hoffman publicly stated in late May that he had fully exited his ETH positions. Last night, several former Ethereum Foundation researchers announced the establishment of the non-profit organization Ethlabs, aiming to drive Ethereum into its next phase of growth. Bitmine, SharpLink, and Joe Lubin have all expressed their support.