• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Monad Foundation: A New Chapter in Blockchain Ecosystem Development

user avatar

by Giorgi Kostiuk

3 months ago


Monad Labs has announced the establishment of the Monad Foundation, an independent entity aimed at accelerating the growth and adoption of the Monad protocol. The foundation's primary mission is to strengthen the Monad blockchain ecosystem through collaboration between validators, developers, and the community.

Validator-Led Governance and Community Engagement

The Monad Foundation places significant emphasis on validator-led governance. Validators play a crucial role in blockchain ecosystems by ensuring transactions are accurately recorded and validated. Through the Foundation's initiatives, community-driven improvement proposals will be encouraged, making governance more transparent and accessible.

Monad Labs Transforms into Category Labs

While focusing on governance and community engagement, Monad Labs will shift its focus to technology development and will operate under a new name: Category Labs. James Hunsaker will assume the role of CEO, steering the network's technical development and ensuring the technology evolves to meet the ecosystem's growing demands.

Monad's Vision for the Future

Monad's ambitious vision includes optimizing Ethereum's core functionalities for greater throughput and efficiency. By developing its own EVM from scratch, Monad aims to address Ethereum's scalability issues and create a blockchain that can handle a higher volume of transactions with lower costs and faster processing times. Recent fundraising rounds, including $225 million from Paradigm, confirm Monad's leading position in the blockchain industry.

The creation of the Monad Foundation is a critical step in advancing more decentralized and effective governance within the Monad ecosystem. The empowerment of validators and focus on technological development make the project particularly promising.

0

Share

Other news

GameStop Secures $1.5 Billion for Potential Bitcoin Purchases

GameStop concluded its $1.5 billion stock offering, planning to purchase Bitcoin as part of its investment strategy.

user avatarGiorgi Kostiuk

a few seconds ago

Strengthening Positions: UK and the Development of the Blockchain Industry

UK delegates urge the creation of a support plan for blockchain and digital assets.

user avatarGiorgi Kostiuk

a few seconds ago

Future of Crypto: Qubetics Investment and Innovation

Explore Qubetics, Arweave, and Kaspa. Insights into emerging tech and market expectations.

user avatarGiorgi Kostiuk

a few seconds ago

XRP Price Analysis: Consolidation and Potential Scenarios

The XRP token consolidates between $2.02 and $2.08. Discover current trends and possible scenarios.

user avatarGiorgi Kostiuk

10 minutes ago

RUVI: Blockchain Project at the Intersection of AI and Innovation

RUVI blends AI with blockchain to offer innovations and solutions for real-world challenges.

user avatarGiorgi Kostiuk

10 minutes ago

Trump's New Tariffs: How They Affect the Global Economy

Trump's new tariffs threaten the global economy, causing concern among allies.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.