Monad Launches Independent Foundation to Foster Growth and Decentralization

Monad, a blockchain project compatible with Ethereum’s Virtual Machine (EVM), has launched the Monad Foundation. The newly formed organization will be dedicated to supporting the growth and decentralization of the Monad Protocol.

Foundation Objectives and Operations

The Monad Foundation will oversee key activities to expand the protocol’s ecosystem. Its primary focus areas include:

  • Facilitating validator-led governance
  • Supporting community-led improvement proposals
  • Providing resources such as developer documentation
  • Engaging in ecosystem development, marketing, and advisory services

These initiatives aim to promote the adoption of the Monad blockchain and create a more transparent and community-driven decision-making process.

Leadership and Team Structure

The Monad Foundation’s leadership includes Keone Hon and Eunice Giarta. Several team members from Monad Labs, particularly those working in business development, ecosystem growth, community engagement, marketing, and developer relations, will transition to the Monad Foundation.

Introducing the Monad Foundation. We are excited to announce the creation of the Monad Foundation, an important step towards further decentralization of the Monad Protocol and Ecosystem.

Monad Labs Rebrands as Category Labs

As the Foundation takes on governance and ecosystem-related responsibilities, Monad Labs will continue to focus on software development and research for the Monad blockchain. Moving forward, Monad Labs will operate under the new name Category Labs, with James Hunsaker stepping in as CEO.

By splitting responsibilities between the Foundation and Category Labs, Monad aims to create a structure that balances independent community involvement with technical development. This change reflects a common trend in blockchain projects, where independent foundations manage governance and outreach, while separate entities handle core technological advancements.

Accelerating Adoption and Innovation

Monad’s EVM compatibility allows developers to create applications on its blockchain using tools familiar from Ethereum (ETH). With the Foundation in place, Monad hopes to accelerate adoption and innovation in its ecosystem.

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