The Ethereum Foundation has announced a new leadership structure consisting of two Foundation co-director, HSIAO-WEI W-a major researcher at the Ethereum Foundation, and Tomasz Stańczak, the CEO of Nethermind-one of the largest implementation clients in Ethereum.
According to the March 1 announcement, Wang has a seven-year experience as a researcher at the Ethereum Foundation, and Stańczak has proven leadership in scaling an organization from an early stage project at a global company.
Wang and Stańczak will assume their duties as foundation co-directors on March 17. The Ethereum Foundation added:
“Over the next few years, the Ethereum ecosystem will need to navigate the challenging transition from being an early stage project that delivers a small number of lovers to a steady, unauthorized, censorship-resistant base layer of global finance and software stack.”
New leadership changes come at a challenging time for the Ethereum ecosystem as Ether (Eth) Prices Struggle to get past highsafraid of the network Layer-2 scale solutions cannibalizing Ethereumand competition from new, high-throughput chain All erode investor confidence.
Wang described the left and Stańczak pictured to the right. Source: The Ethereum Foundation
Related: The Ethereum Devs agrees to stop rotating around and speeding up roadmap
The Ethereum Foundation changes gears in the middle of complaints
Vitalik Buterin structured by a approach to strengthen Ethereum On a blog of January 23 Post.
On February 13, the Ethereum Foundation deposited 45,000 ETHs, worth about $ 120 million in time, at AAVE, compound, and spark decentralized financial protocols to earn yield.
The The Ethereum community celebrated the transition Because it signed the foundation has another source of income other than selling ETH in the market and suppressing prices.
The collapse of the Ethereum Foundation of funds deposited in decentralized financial protocols. Source: The Ethereum Foundation
The availability of social media and marketing has been the top priority for the foundation in recent weeks, along with the advent of the Etherealize Organization, which is responsible for Marketing Ethereum with institutional investors.
Longtime Ethereum Developer Danny Ryan joins Etherealize As a co-founder for the initiative on March 1 next to Vivek Raman.
The Ethereum Foundation also Ask a Manager of Social Media Last month to overhabit social media operations and strengthen online network availability.
Magazine: Suggested Change can save Ethereum from L2 ‘Roadmap to Hell’
