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

Monad Foundation's Creation to Accelerate Blockchain Ecosystem Development

user avatar

by Giorgi Kostiuk

3 months ago


Monad Labs officially announced the formation of the Monad Foundation, an independent entity designed to accelerate the growth and adoption of the Monad protocol.

The Role of Monad Foundation in the Ecosystem

The primary mission of the Monad Foundation is to enhance the Monad blockchain ecosystem by fostering collaboration between validators, developers, and the community. The Foundation will lead decentralized governance, allowing the community and validators to propose and implement network improvements. It will also support developers by providing essential resources, including detailed documentation, and promote partnerships to boost Monad's visibility.

Transition of Monad Labs to Category Labs

While Monad Foundation focuses on governance and community engagement, Monad Labs will shift its focus to technology development and will operate under a new name: Category Labs. This organization will continue to be the principal developer of the Monad blockchain, focusing on research and software development to advance the protocol. James Hunsaker will take on the role of CEO at Category Labs, steering the technical development of the network.

Monad's Vision for the Future

Monad's ambitious vision includes optimizing Ethereum’s core functionalities to deliver greater throughput and efficiency. The project is building its own EVM from scratch, utilizing a pipelined architecture to enhance performance, addressing Ethereum’s scalability issues. Recent funding rounds, including $225 million in Series A funding with a $3 billion valuation, strengthen Monad's leadership position in the blockchain market.

The formation of Monad Foundation marks a pivotal step in the development of the blockchain ecosystem, supporting decentralized governance and innovation. Alongside the transformation of Monad Labs into Category Labs, this opens new opportunities for the platform.

0

Share

Other news

Ripple Wins Legal Battle against SEC

Ripple secures victory over SEC, clearing allegations of securities law violations. What does this mean for the crypto market?

user avatarGiorgi Kostiuk

6 minutes ago

Trump's 10% Tariff Proposal on All Imports: Possible Impacts

Examining how Trump's 10% tariff proposal on all imports could affect the global economy.

user avatarGiorgi Kostiuk

7 minutes ago

A7A5 Stablecoin Launch Solidifies Kyrgyzstan's Crypto Market Position

Kyrgyzstan enhances crypto regulation with A7A5 ruble-based stablecoin launch.

user avatarGiorgi Kostiuk

9 minutes ago

Quantum Blocks Launches Dino Tycoon: New Game on TON Blockchain

Quantum Blocks launches Dino Tycoon on TON blockchain, offering a 'Tycoon to Earn' concept and seamless play without wallet connections.

user avatarGiorgi Kostiuk

9 minutes ago

Counterfeit Android Phones with Triada Trojan Target Cryptocurrency

Kaspersky found fake Android phones with Triada trojan, stealing crypto and user data.

user avatarGiorgi Kostiuk

17 minutes ago

Reassessing OpenAI o3 Model Costs and Its Impact on the AI Market

The cost of OpenAI's o3 model may reach $30,000 per task, exceeding initial estimates tenfold.

user avatarGiorgi Kostiuk

17 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.