Ansgar and Caspar introduce ETH Labs, a new non-profit R&D lab aimed at making Ethereum win by focusing on growth, scaling, and value accrual for ETH. They emphasize the need for Ethereum to become the central node of global finance through strong Layer 1 scaling, seamless interoperability, and a pro-market approach, complementing the Ethereum Foundation's focus on core properties like censorship resistance and credible neutrality.
Summarized by Podsumo
ETH Labs is a new non-profit R&D lab with a mission to make Ethereum and ETH win, focusing on adoption, scaling, and value accrual.
The Ethereum Foundation is downsizing its scope to core properties (crops), creating a gap for growth and market-responsive work that ETH Labs aims to fill.
Key work streams include scaling (e.g., 3x throughput increase per year), interoperability, and platform growth, with a startup culture and lean team.
Funding comes from BitMine and Sharplink with a 2-3 year runway, emphasizing accountability and no strings attached for neutrality.
The goal is for ETH to become a trillion-dollar asset by positioning Ethereum as the inevitable central hub for global finance.
quotes": ["Principles do not change the world until people benefit from them.", "We need to co-develop Ethereum and ETH... find a stable synergistic outcome for the two.", "Markets don't move one asset at a time. One day it's Bitcoin, the next NVIDIA, then gold."]
formatted_summary🎙️ *Bankless*
"Principles do not change the world until people benefit from them."
— Ansgar
"We need to *co-develop Ethereum and ETH*... find a stable synergistic outcome for the two."
— Ansgar
"Markets don't move one asset at a time. One day it's Bitcoin, the next NVIDIA, then gold, and then the SP."
— David