PANews, June 23 – According to GlobeNewswire, former Ethereum Foundation researchers have established an independent nonprofit organization called Ethlabs, with support from Bitmine, SharpLink, Ethereum co-founder Joe Lubin, and ecosystem participants including Anchorage, Octant, and SNZ. The initiative aims to prepare Ethereum for the next phase of institutional adoption. The five co-founders — Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma — have led major network upgrades over the past decade. Ethlabs’ early work will focus on the needs of large-scale institutional on-chain adoption: faster settlement speeds, native issuance, cross-chain transactions built on robust infrastructure, mainnet capacity, and research that lays the foundation for ETH’s monetary properties.