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

Starkware Releases Cairo v2195 for Developer Infrastructure

Starkware has launched Cairo v2195, a maintenance update focused on the developer toolchain for the Starknet ecosystem.

user avatarMiguel Rodriguez

Bitget Wallet Enhances Access to Tokenized Stocks with Reality Integration

Bitget Wallet has integrated Reality, allowing users access to over 1,700 tokenized stocks and ETFs.

user avatarRajesh Kumar

MEV Bot Foils Kelp DAO Exploit Attempt

An MEV bot named Yoink intercepted an exploit transaction targeting Kelp DAO's rsETH vault, preventing a theft of approximately $77 million.

user avatarLuis Flores

Kamino Finance Appoints Michael Weisz as CEO to Expand into Institutional Lending

Kamino Finance has appointed Michael Weisz as its new CEO to enhance its focus on US and institutional lending markets.

user avatarArif Mukhtar

New Debate on Zcash Developer Fund's Future

A new argument has emerged within the Zcash community regarding the future of its developer fund, with calls for it to expire after 2028.

user avatarMaria Gutierrez

Hyperliquid Introduces Manual Borrowing for Enhanced Trading

Hyperliquid has launched a manual borrowing feature that allows users to borrow spot USDC and USDT against collateral positions, including HYPE and Bitcoin.

user avatarDavid Robinson

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.