According to BlockBeats news, on December 17, according to official news, Monad announced the establishment of the Monad Foundation, which will focus on promoting validator-led governance, community improvement proposals, developer documentation maintenance, and ecosystem development.
The original Monad Labs team will be renamed Category Labs, with James Hunsaker as CEO, mainly responsible for the research and development of the underlying blockchain technology. Keone Hon and Eunice Giarta will join the newly established foundation, and the original business development, ecology, community, market, developer relations and operations teams will also be transferred to the foundation.
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