Monad Labs has announced the formation of the Monad Foundation, an independent entity focused on accelerating the growth and adoption of the Monad protocol. The Foundation's goal is to enhance the Monad blockchain ecosystem by promoting collaboration between validators, developers, and the community. It will lead decentralized governance, support developers with resources, and foster partnerships and marketing efforts. Keone Hon and Eunice Giarta will join the foundation, along with team members from Monad Labs. The Foundation will prioritize validator-led governance and encourage community-driven improvement proposals. Monad Labs, now operating as Category Labs, will focus on technology development. There is speculation about the launch of a native token, aligning with the trend of using tokens as incentives. Monad aims to optimize Ethereum's core functionalities and address scalability issues with its own EVM. Recent funding rounds have solidified Monad's position as a leader in the blockchain industry.



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