Author: Bellalpz
Compiled by: Deep Tide TechFlow
Keone Hon, co-founder of Monad Labs, announced the establishment of the Monad Foundation, which garnered widespread attention in the blockchain community. This move marks an important step in advancing the Monad blockchain protocol towards development and achieving decentralization. Here is a detailed interpretation of this announcement:
The Vision of Monad Labs
Monad Labs (@monad_xyz) was founded in early 2022 by Keone Hon, Eunice Giarta, and James Hunsaker, aiming to redefine the possibilities of blockchain through technological innovation. Their goal is to build a blockchain system that is both highly decentralized and possesses outstanding scalability. Over the past three years, the Monad team has focused on technological breakthroughs, launched the developer network (devnet), and initiated events like “Monad Madness” to inspire the community to drive innovation within the ecosystem.
Monad Foundation: A New Starting Point Towards the Future
The establishment of the Monad Foundation marks a new phase in the development of the Monad ecosystem, shifting its strategic focus from technology research and development to community and ecosystem building:
Empowering the Community: The Foundation plans to fully leverage the power of the Monad community, focusing on the core role of decentralization in the future development of the protocol.
Efficient Innovation: Unlike traditional blockchain foundations, the Monad Foundation is centered around streamlined, efficient, and flexible principles, emphasizing practical application results and avoiding cumbersome management processes.
Monad Labs has been renamed to Category Labs
As the governance of the Monad protocol is transferred to the Monad Foundation, Monad Labs has not ceased operations but has entered a new stage of development. Today, Monad Labs has officially rebranded as Category Labs and will continue to focus on blockchain research and technological innovation under the leadership of the new CEO, James Hunsaker, striving to maintain a leading position in the industry.
Keone Hon, co-founder of Monad Labs, expressed heartfelt gratitude to the team. He particularly mentioned that even in the harsh environment of a bear market, the team has demonstrated outstanding dedication and innovation. He is confident about the future and looks forward to Category Labs continuing to make breakthroughs in the field of blockchain technology, while the Monad Foundation will focus on promoting the global development and application of the Monad protocol.
Community and Ecosystem Support
Monad has always been community-centric, and the Monad Foundation will continue this philosophy by providing resource support for developers worldwide, aiding the prosperous development of the ecosystem. For example, the “Monad Madness” competition initiated by the Foundation not only offers economic rewards to developers but also creates a platform for innovators to showcase their talents.
The establishment of the Monad Foundation and the rebranding of Monad Labs is not just a corporate restructuring but a commitment to the future: making decentralized technology more user-friendly, efficient, and scalable. With the continuous advancement of the blockchain industry, Monad's dual efforts in technological innovation and community building set a positive example for the future development of blockchain technology.
Join the Monad community to stay updated and participate in this journey of transformation in blockchain technology. For more updates, follow @keoneHD and @0x_eunice.
