Monad Foundation established: an important step forward in blockchain decentralization

author:Bellalpz

Compiled by: Xiaobai Navigation Coderworld

Monad Labs co-founder Keone Hon announced the establishment of the Monad Foundation.BlockchainCommunityThis move marks the Monad BlockchainThe protocol has taken an important step towards promoting development and achieving decentralization. Here is a detailed explanation of this announcement:

Monad Labs’ Vision

Monad Labs @monad_xyz ) was founded by Keone Hon, Eunice Giarta and James Hunsaker in early 2022 and is committed to redefiningBlockchainTheir goal is to build a highly decentralized and scalableBlockchain系统。在过去三年间，Monad 团队专注于技术突破，推出了开发者网络（devnet），并发起了“Monad Madness”等活动，以激励社区在生态系统内推动创新。

Monad Foundation: A new beginning towards the future

The establishment of the Monad Foundation marks a new stage in the development of the Monad ecosystem, with its strategic focus shifting from technology research and development to community and ecosystem construction:

• Empowering communities：The Foundation plans to leverage the power of the Monad community and focus on the core role of decentralization in the development of future protocols.

• Efficient innovation：Different from traditional blockchain foundations, the Monad Foundation takes simplicity, efficiency and flexibility as its core concepts, focuses on practical application effects, and avoids falling into cumbersome management processes.

Monad Labs becomes Category Labs

With the transfer of the management rights of the Monad protocol to the Monad Foundation, Monad Labs has not ceased operations, but has entered a new stage of development. Today, Monad Labs has officially changed its name to Category Labs, and will continue to focus on blockchain research and technological innovation under the leadership of new CEO James Hunsaker, striving to maintain its leading position in the industry.

Keone Hon, co-founder of Monad Labs, expressed his heartfelt gratitude to the team. He particularly mentioned that even in the severe environment of the bear market, the team still showed outstanding dedication and innovation.Xiaobai NavigationWe are full of confidence in the future and look forward to Category Labs' continued breakthroughs in blockchain technology. At the same time, the Monad Foundation will focus on promoting the global development and application of the Monad protocol.

Community and Ecosystem Support

Monad has always been community-centric, and the Monad Foundation will continue this philosophy, providing resources and support to developers around the world to help the ecosystem thrive. For example, the "Monad Madness" competition initiated by the Foundation not only provides financial rewards for developers, but also builds a platform for innovators to showcase their talents.

The establishment of the Monad Foundation and the brand upgrade of Monad Labs are not just a corporate reorganization, but a commitment to the future: making decentralized technology more accessible, efficient, and scalable. As the blockchain industry continues to advance, Monad's dual efforts in technological innovation and community building set a positive example for the future development of blockchain technology.

Join the Monad community,Get to know the latest developments and participate in the blockchain technology revolution. For more updates, please follow @keoneHD and @0x_eunice.

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