Deep Tide TechFlow 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 to Category Labs, with James Hunsaker serving as CEO, primarily responsible for blockchain underlying technology research and development. Keone Hon and Eunice Giarta will join the newly established foundation, while the original business development, ecosystem, community, marketing, developer relations, and operations teams will also transfer to the foundation.