Svmuu News: Ethlabs posted on X to address its nonprofit status and funding situation, stating that it chose to operate as a nonprofit in order to focus on the long-term development needs of Ethereum as a “public good” and to maintain the organization’s independence and neutrality in research and development.
Regarding its governance structure, Ethlabs noted that its funding comes from major ETH holders and Ethereum ecosystem builders. While these funders share a strong alignment with the long-term success of Ethereum, they will not hold any governance control nor participate in roadmap development or project prioritization decisions. Ethlabs emphasized that this arrangement was intentionally designed to prevent external funding from influencing the organization’s core direction.
At the same time, Ethlabs stated that the mechanism for ongoing fundraising itself serves as an “accountability mechanism”: only by continuously creating genuine value for the Ethereum ecosystem can the project secure subsequent funding, thereby forming a long-term feedback loop.
Regarding funding, Ethlabs revealed that it is currently in the final stages of raising capital. While the specific amount has not yet been disclosed, the committed funds are expected to support two to three years of operations and cover the recruitment of top-tier talent. Ethlabs emphasized that it is positioned as a long-term project, not a one-time funding initiative.