Establishing Monad Foundation: Supporting Ecosystem and Decentralized Governance

user avatar

by Giorgi Kostiuk

2 years ago

Monad Labs has announced the creation of an independent organization, the Monad Foundation, aimed at accelerating the growth and adoption of the Monad protocol.

Validator-Led Governance and Community Engagement

A key aspect of the Monad Foundation’s strategy is its emphasis on validator-led governance. In decentralized networks like Monad, validators play a crucial role in shaping the protocol’s future. The Foundation’s initiatives aim to enhance governance transparency and accessibility by encouraging community-driven improvement proposals.

Category Labs: The New Focus for Monad Labs

While the Monad Foundation focuses on governance and ecosystem development, Monad Labs is shifting to technology development under the new name Category Labs. The company will continue to focus on research and software development to advance the protocol, led by James Hunsaker as CEO.

Monad's Vision for the Future

Monad aims to optimize Ethereum’s core functionalities to deliver greater throughput and efficiency. Unlike other projects, Monad is developing its own EVM from scratch, using a pipelined architecture to enhance performance. Recent funding, including $225 million in Series A led by Paradigm, strengthens Monad's position as a blockchain leader.

The establishment of the Monad Foundation marks a significant step towards a sustainable and decentralized future for the Monad ecosystem, focusing on innovation and community engagement.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

Ripple Partners with Florida Athletics to Introduce Digital Asset Payments

chest

Ripple has partnered with Florida Athletics to allow fans to use XRP and RLUSD for ticketing and merchandise, enhancing payment experiences and promoting digital asset adoption.

user avatarSon Min-ho

Fomo App Overtakes Pumpfun in 24-Hour Revenue Surge

chest

Fomo app has surpassed Pumpfun in 24-hour protocol revenue, generating $14 million in fees.

user avatarAyman Ben Youssef

New Report Released Based on Sec's Information

chest

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided by Sec.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.