Monad has announced the formation of an independent Foundation to support and enhance the protocol.
Goals and Objectives of the Monad Foundation
The Monad Foundation aims to develop the ecosystem by fostering collaboration among validators, developers, and the community. As an independent organization, it will lead decentralized governance, allowing the proposal and implementation of network improvements. Support for developers and partnership development are also planned.
Role of Validators in Governance
A key aspect of the Foundation's work will be validator-led governance, where validators play a crucial role in transaction validation and defining the protocol's future through decision-making on its improvements.
Development Perspectives and New Structure
Monad Labs will be renamed Category Labs and will focus on technology development. James Hunsaker will lead technical development. The implementation of its own EVM to improve performance is planned, and the launch of a native token may be Monad's next step.
Monad aims to establish itself as a leader in the blockchain industry by enhancing its technology's functionality and scalability.
