Monad, a blockchain project compatible with Ethereum’s virtual machine, has launched the Monad Foundation.

This foundation will be an independent organization dedicated to supporting the growth and decentralization of the Monad Protocol. The Monad Foundation will oversee key activities to expand the protocol’s ecosystem. 

Its focus includes facilitating validator-led governance, supporting community-led improvement proposals, and providing resources such as developer documentation. Additionally, the Foundation will engage in ecosystem development, marketing, and advisory services to encourage the adoption of the Monad blockchain.

There have been many rumors, but the forming of the foundation is leading to more speculation that a token launch is coming.

Validators are entities or individuals that secure blockchain networks by validating and recording transactions. Governance on decentralized blockchains often relies on validators, who make decisions about network upgrades or rule changes. 

The Monad Foundation’s involvement aims to make these processes transparent and community-driven.

The Foundation’s leadership includes Keone Hon and Eunice Giarta. Several team members from Monad Labs, particularly those working in business development, ecosystem growth, community engagement, marketing, and developer relations, will transition t

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Author: Micah Zimmerman