Former Ethereum Foundation Researchers Launch Ethlabs Backed by Joe Lubin and Public Treasuries
Ethlabs, a new non-profit research and development firm, has been founded by former Ethereum Foundation researchers to prepare the network for institutional adoption. The organization is funded by Ethereum co-founder Joe Lubin and publicly traded Ethereum treasury firms BitMine and Sharplink, with over 50 ecosystem contributors supporting the initiative. Executive Director Ansgar Dietrichs emphasized the unique moment for Ethereum as adoption accelerates. The launch follows the departure of Ethereum Foundation co-director Hsiao-Wei Wang, continuing a trend of exits. Initial focus areas include bridging real-world usage with protocol support to enable on-chain operations at scale. Critics have long questioned the Ethereum Foundation's vision, and researcher Dankrad Feist suggested a new group could 'save Ethereum' through economic alignment. Funding details remain undisclosed, with funders having no influence over research agenda. Ethereum's price remains subdued, down 16% over the past month.
Key facts
- Ethlabs founded by former Ethereum Foundation researchers for institutional adoption.
- Funded by Joe Lubin, BitMine, and Sharplink; over 50 community supporters.
- Launch follows departure of Ethereum Foundation co-director Hsiao-Wei Wang.
- Initial focus on enabling institutional on-chain operations at scale.
- Funding details undisclosed; funders have no influence over research agenda.