Ethlabs, a new Ethereum research lab backed by the network's two largest corporate holders, launched this week with a pitch to complement the Ethereum Foundation. Its own funders concede it will also compete. And they won't say how much money is behind it.

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