Monad, a blockchain compatible with Ethereum’s virtual machine (EVM), is launching the Monad Foundation, a separate body that will help push that growth and decentralisation of the Monad Protocol.
They will also manage governance, the ecosystem, and engagement of the community. Key prioritize should be to enable validator led decision making, improve the protocol via community proposals and provide resources like developer guides.
Further, it will direct marketing, ecosystem development and advisory services to facilitate the secondment of the Monad blockchain.Validators are integral to blockchain networks and validate and record transactions while voting on rule changes and upgrade decisions.
Monad Blockchain Foundation Debut Sparks Governance Reform and Token Speculation
Transparency, and the Governance processes must always remain Community driven, and this is the ambition of the Monad Foundation.After the foundation debuted, speculation has intensified regarding whether the Foundation may be soon launching a token.
While the establishment isn’t official confirmation, most blockchain project roadmaps start with establishment before token launch.Keone Hon and Eunice Giarta are leaders for the Monad Foundation. Some of the members from the Monad Labs team that used to be in the business development, ecosystem growth and community engagement committees are moving to the Foundation.
Monad Labs will focus all of its effort in developing software and doing research. The company will operate under new name Category Labs and will be led by incoming CEO James Hunsaker, according to an official announcement.
Monad will split tasks between the Foundation and Category Labs in order to strike a balance between independent governance and technology development. This model is also common for how blockchains ecosystems work where governance is maintained by separate bodies and technical progress achieved by other entities.
EVM compatibility with Monad enables developers to use Ethereum tools in building applications, eventually helping to accelerate adoption. Once the Foundation is in place, Monad plans to build together a vibrant and decentralized ecosystem competing in the broader blockchain domain.
It’s a big step for the project, announcing the launch of the Monad Foundation, which promises to grow adoption, expanding decentralization and while possibly a token release.
