Monad, a blockchain project compatible with Ethereum’s virtual machine (EVM), has officially launched the Monad Foundation, an independent organization aimed at fostering the growth and decentralization of the Monad Protocol.
The Monad Foundation will oversee key initiatives to expand the protocol’s ecosystem, including facilitating validator-led governance, supporting community-driven improvement proposals, and providing essential resources such as developer documentation. In addition, the Foundation will be actively involved in ecosystem development, marketing efforts, and advisory services to drive adoption of the Monad blockchain.
The formation of the Foundation has sparked rumors and speculation within the crypto community, with many anticipating the potential launch of a token.
Validators—entities or individuals that secure blockchain networks by validating and recording transactions—play a crucial role in governance for decentralized blockchains. The Monad Foundation aims to make governance processes transparent and community-driven, empowering validators to influence decisions on network upgrades and rule changes.
The leadership of the Monad Foundation includes Keone Hon and Eunice Giarta. Several team members from Monad Labs, particularly those involved in business development, ecosystem growth, community engagement, marketing, and developer relations, will transition to the new Foundation.
As the Foundation takes on governance and ecosystem responsibilities, Monad Labs will shift its focus to software development and research for the Monad blockchain, operating under a new name: Category Labs. James Hunsaker will step in as CEO of Category Labs, according to the company announcement.
This structural shift reflects a common trend in blockchain projects, where independent foundations manage governance and outreach while separate entities focus on core technical development. Monad’s EVM compatibility allows developers to use familiar Ethereum tools to build on its blockchain, broadening its appeal to a wide developer audience. With the Monad Foundation now established, the project is poised to accelerate adoption and innovation within its ecosystem.
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