Five Former Ethereum Foundation Members Launch Independent Nonprofit R&D Lab Ethlabs, Targeting Global Settlement Layer

Five former Ethereum Foundation members announced the launch of Ethlabs, an independent nonprofit R&D lab, on June 22, aiming to make Ethereum the settlement layer for the global economy. The lab has secured backing from Bitmine, Sharplink, Joe Lubin, and a broad community of supporters, marking a shift from single-coordination to multi-entity collaboration within the Ethereum ecosystem.