Bankless founder who sold all ETH pledges support for Ethlabs, calling it "the brightest future for Ethereum"

Odaily Planet Daily News: David Hoffman, founder of Bankless who previously sold all his ETH, posted on X regarding the newly established Ethlabs, stating: "The Ethereum Foundation (EF) has deliberately left a power vacuum so that new organizational structures can 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 very pleased and will continue to offer my support as always along their path forward."

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