• 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

Binance Enhances Investments with Auto-Invest Integration

Binance integrates Auto-Invest into Convert Recurring, simplifying cryptocurrency investment processes.

user avatarGiorgi Kostiuk

6 minutes ago

Popular Cryptos 2025: Why Qubetics is Worth Your Attention

The crypto market in 2025 promises great potential with new projects. Discover why Qubetics can be your next big opportunity.

user avatarGiorgi Kostiuk

16 minutes ago

Crypto Traders Cautiously Await Trump's Tariff Announcement

The crypto market anxiously awaits Trump's tariff news, which could affect Bitcoin's price and cause instability.

user avatarGiorgi Kostiuk

16 minutes ago

BlockDAG's $5M Raise in Two Days, AVAX, and XRP's Shifting Dynamics

BlockDAG raises $5M in 48 hours. AVAX targets $30 ETF surge, while XRP faces a price dip.

user avatarGiorgi Kostiuk

25 minutes ago

Ethereum Whales Build Up Ahead of Pectra, Tether Expands into Media

Ethereum whales acquire ETH before Pectra upgrade, Tether invests in media. BlockDAG stands out with its Layer-1 solution.

user avatarGiorgi Kostiuk

25 minutes ago

Ethereum Holders Face Liquidation, Ethena’s Strategy Succeeds, and BlockDAG’s Progress Shines

ETH holders brace for liquidation risks amidst Ethena’s strategy success and BlockDAG’s DeFi innovations.

user avatarGiorgi Kostiuk

26 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.