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The founder of Bankless, who has fully liquidated ETH, stated that they will support Ethlabs, claiming that the latter represents the brightest future for Ethereum.

MarsBitNews
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Mars Finance news: David Hoffman, the founder of Bankless who previously fully liquidated his ETH, posted on X about the newly established Ethlabs, saying: “The Ethereum Foundation (EF) has deliberately left a power vacuum so that new organizational structures can step up and influence the direction of Ethereum’s development. I believe the direction that Ethlabs is leading represents the brightest future for Ethereum. I’m very excited, and I will continue to support them as they move forward.” Earlier, David Hoffman had publicly stated in late May that he had fully liquidated all his ETH. Late yesterday evening, multiple former Ethereum Foundation researchers announced the formation of a non-profit organization, Ethlabs, aiming to propel Ethereum into its next stage of growth. Bitmine, SharpLink, and Joe Lubin have all expressed their support.
ETH-3.73%
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