Ethlabs, a non-profit founded by ex-Ethereum Foundation researchers, aims to accelerate institutional adoption of ETH with major treasury support.
Ethlabs, a non-profit research and development firm, has launched to advance Ethereum’s institutional adoption. The initiative is backed by Ethereum co-founder Joe Lubin and publicly traded ETH treasuries BitMine Immersion Technologies and Sharplink.
The lab was founded by former Ethereum Foundation researchers and includes over 50 ecosystem contributors, such as layer-2 networks and venture capital firms. Its launch follows the recent departure of Ethereum Foundation co-director Hsiao-Wei Wang, amid broader exits from the organization.
Ethlabs executives stated the goal is to position Ethereum as a global settlement layer, citing growing on-chain adoption and institutional interest in ETH.