Ethlabs Funding Can Support 2-3 Years of Operations Since Establishment

According to Foresight News, Ethlabs, an independent nonprofit research organization supported by treasury companies including BitMine, released a statement addressing frequently asked questions since its establishment one week ago. The organization stated that while specific fundraising amounts have not been disclosed, secured funding commitments can support team operations and talent recruitment for 2-3 years, with plans for continuous fundraising rather than a one-time round. Community donations remain open, and the donation address has been updated from eth-labs.eth to ethlabs.eth.

Regarding its relationship with the Ethereum Foundation, Ethlabs emphasized a complementary partnership. The organization noted that Ethereum does not belong to any single institution, with the EF, client teams, core developers, Layer 2 solutions, and wallets all being essential components. Ethlabs positions itself as an "additional support force" for Ethereum's development.