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Bitmine, SharpLink, and Joe Lubin are backing the Ethlabs nonprofit to advance Ethereum's next phase of growth. The support targets further development of the Ethereum ecosystem through the newly formed organization.

Five former Ethereum Foundation researchers launched Ethlabs, a nonprofit research and development organization. SharpLink Gaming, Bitmine Immersion Technologies, and Consensys CEO Joe Lubin are among the funders. The launch follows a wave of high-level departures from the Ethereum Foundation, including co-executive director Hsiao-Wei Wang stepping down.
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