Ethereum Foundation officially announces new leadership

Article author: Vince Quill Article translation: Block unicorn

The Ethereum Foundation has announced a new leadership structure consisting of two co-directors: Hsiao-Wei Wang, core researcher at the Ethereum Foundation and Tomasz Stańczak, CEO of Nethermind. Nethermind is one of the largest execution clients on Ethereum.

According to a March 1 announcement, Wang has seven years of research experience at the Ethereum Foundation, while Stańczak demonstrated leadership in expanding an organization from early stage projects to global companies.

Wang and Stańczak will take office on March 17 as co-directors of the foundation. The Ethereum Foundation added:

“In the coming years, the Ethereum ecosystem needs to deal with the challenging transition from early-stage projects serving a few enthusiasts to a strong, license-free, censor-resistant foundational layer in the global financial and software stack.”

These new leadership changes are at a time when the Ethereum ecosystem is facing challenges, with ETH prices struggling to recover their previous highs , fears that the network’s Layer 2 scaling solutions are stolen by Ethereum , and competition from new high-throughput chains are undermining investor confidence.

Photos of Wang (left) and Stańczak (right). Source: Ethereum Foundation

Ethereum Foundation changes its strategy amid complaints

Vitalik Buterin outlined strategies to strengthen Ethereum in a Jan. 23 blog post , including increasing the number of blobs to increase transaction capabilities and encourages Layer 2 solutions to pay a percentage of the underlying layer.

On February 13, the Ethereum Foundation deposited 45,000 ETH into Aave, Compound and Spark decentralized financial protocols, worth about $120 million at the time to earn profits.

The Ethereum community welcomed the move because it shows that the foundation has another source of revenue besides selling ETH to the market and driving down prices.

The Ethereum Foundation deposits funds in the decentralized financial agreement. Source: Ethereum Foundation

With the emergence of the Etherealize organization responsible for marketing Ethereum to institutional investors, the presence and marketing of social media has become the foundation’s top priorities in recent weeks.

Danny Ryan, a long-time developer of Ethereum , joined Etherealize on March 1 with Vivek Raman as the co-founder of the program.

The Ethereum Foundation also sought a social media manager last month to overhaul its social media operations and enhance the network’s online presence.