Former Ethereum Foundation researchers have launched Ethlabs, a nonprofit backed by Ethereum co-founder Joe Lubin as well as the two largest ETH treasury firms, Bitmine Immersion Technologies and SharpLink, to help prepare the network for its "next phase" of institutional adoption.
"As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum," according to a statement. "Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require."
Ethlabs' launch could eventually play a major role in how the Ethereum ecosystem evolves in the years to come. While the Ethereum Foundation has historically been the network's primary backer and coordinator of research, with the formation of Ethlabs, both significant ETH holders and ecosystem contributors have come together to form an independent organization tasked with shaping the network's future.
Five former senior Ethereum Foundation researchers co-founded Ethlabs, according to Monday's statement. The researchers are "technologists who have guided the network through its most consequential upgrades over the past decade," Ethlabs also said.
