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

EU Seeks Nominations for New Tokenisation Standards Group

European authorities are inviting nominations for a new Tokenisation Standards Group to enhance coordination in the financial system.

user avatarFilippo Romano

Walt Introduces Standalone Android App for Cryptocurrency Trading

Walt has launched a standalone Android app for cryptocurrency trading, allowing users to sign up without a Telegram account.

user avatarEmily Carter

Charles Schwab Expands Crypto Trading Menu with New Altcoins

Charles Schwab has expanded its crypto trading menu to include Solana, Avalanche, and Chainlink, allowing eligible clients to trade a wider range of cryptocurrencies.

user avatarTomas Novak

24X and Standard Chartered Enhance Partnership for Institutional Crypto Trading

24X Bermuda expands its partnership with Standard Chartered to facilitate institutional trading of Bitcoin and Ether, enhancing access to cryptocurrency and foreign exchange.

user avatarKaterina Papadopoulou

Strategy's Dual Approach: Bitcoin Acquisition and Preferred Share Repurchase

On November 9, Strategy announced the acquisition of 1,036 additional Bitcoin alongside the repurchase of approximately 188 million STRC preferred shares.

user avatarMaya Lundqvist

Bitcoin Slips Toward $74,000 After Fed Governor Signals December Rate Hike

Bitcoin's value has dropped significantly, approaching the $74,000 level, as Federal Reserve Governor Christopher Waller voiced clear support for raising interest rates at the upcoming December FOMC meeting.

user avatarLeo van der Veen

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.