Sharplink says the new nonprofit, Ethlabs, “exists to ensure the network is ready to absorb” the demand that institutions will place on it with stablecoins, tokenization and AI.
Source: Cointelegraph
Bitmine, Sharplink and Joe Lubin back Ethereum R&D nonprofit
Bitmine, Sharplink, and Ethereum co-founder Joe Lubin have joined forces to support a new nonprofit organization dedicated to research and development for the Ethereum ecosystem. This initiative aims to enhance the functionality and scalability of Ethereum, addressing ongoing challenges in the blockchain space. The collaboration signifies a commitment to fostering innovation and collaboration within the Ethereum community, as well as promoting the long-term sustainability of the platform. The backing from prominent industry players highlights the growing recognition of the importance of R&D in driving blockchain advancements and maintaining Ethereum's competitive edge.