Bitmine Immersion Technologies, Sharplink and Ethereum cofounder Joe Lubin have backed the launch of Ethlabs, an independent nonprofit research organization focused on preparing Ethereum for broader institutional adoption.
The funding effort also includes support from Anchorage, Octant, SNZ and other Ethereum ecosystem contributors. The announcement did not disclose how much funding the organization has secured.
Ethlabs was cofounded by former senior Ethereum Foundation researchers Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz Schilling, Josh Rudolf and Julian Ma.
The group includes researchers who have worked on Ethereum’s finality, scaling, data availability, virtual machine and protocol economics. Ethlabs said the organization will provide their work with a dedicated institutional home and stable long term funding.
Its initial research will focus on faster settlement, greater mainnet capacity, native asset issuance, cross chain interoperability and research supporting ETH’s monetary properties.
