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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Senator Blumenthal Investigates Tether's Payments to Consultancy

Senator Blumenthal investigates Tether's payments to consultancy Nxum over potential ethics concerns.

user avatarKofi Adjeman

Blockchain Association Pushes for Crypto Tax Legislation

The Blockchain Association advocates for bipartisan changes to cryptocurrency tax regulations, seeking a de minimis exemption for small transactions and clarity in tax reporting for digital asset users.

user avatarNguyen Van Long

Starknet Community Votes to Explore Independent Post-Quantum Layer 1 Network

The Starknet community is exploring the possibility of transforming into an independent post-quantum secure layer 1 network, with a recent poll showing strong support for research into this initiative.

user avatarSatoshi Nakamura

SoFi Introduces SOFIE Tokenized Deposit for Earning Interest

SoFi has launched a new tokenized deposit product named SOFIE, allowing consumers to earn interest on dollar balances while facilitating blockchain transfers.

user avatarJesper Sørensen

Chainlink and LG CNS Join Forces to Enhance Digital Asset Infrastructure in South Korea

Chainlink and LG CNS have announced a partnership to enhance oracle and crosschain infrastructure for South Korea's financial institutions.

user avatarRajesh Kumar

HSBC Introduces RedCoin for Consumer Payments

HSBC has launched RedCoin, a stablecoin backed by the Hong Kong dollar, for consumer payments through its PayMe app.

user avatarLucas Weissmann

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.