David Hoffman, the founder of Bankless who previously sold all his Ether (ETH), has publicly expressed his support for Ethlabs, a newly formed non-profit organization. In a post on X, Hoffman stated that the Ethereum Foundation (EF) deliberately left a power vacuum to allow new organizational structures to step up and influence Ethereum's direction. He emphasized that the path led by Ethlabs represents the brightest future for Ethereum and promised unwavering support as the organization moves forward.
Hoffman: EF Leaves Power Vacuum, Ethlabs Steps In
Hoffman's endorsement comes after he disclosed in late May that he had fully exited his ETH position, a move that sparked significant discussion within the crypto community. By now throwing his weight behind Ethlabs, Hoffman shows his continued deep engagement with Ethereum's ecosystem development. He noted that the EF's deliberate creation of space allows new entities like Ethlabs to rise and drive Ethereum's next growth phase.
Ethlabs Gains Broad Support, Led by Former EF Researchers
Late yesterday, several former Ethereum Foundation researchers announced the launch of Ethlabs, a non-profit organization dedicated to accelerating Ethereum's adoption and next stage of growth. The initiative has already received support from multiple institutions and individuals, including Bitmine, SharpLink, and Ethereum co-founder Joe Lubin. This development marks a new attempt within the Ethereum community to innovate in governance and ecosystem building.