Bitmine, Sharplink and Joe Lubin have backed the launch of Ethlabs, a nonprofit made to help scale Ethereum for institutions amid an Ethereum Foundation funding crisis.

Five former Ethereum Foundation researchers launch Ethlabs, an independent non-profit R&D lab for Ethereum, backed by Bitmine, Sharplink, and ConsenSys founder Joe Lubin.

Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum's Institutional Supercycle