Article author: Vince Quill Article translation: Block unicorn
The Ethereum Foundation announced a new leadership structure consisting of two co-directors: Hsiao-Wei Wang, a core researcher at the Ethereum Foundation, and Tomasz Stańczak, CEO of Nethermind. Nethermind is one of the largest execution clients on Ethereum.
According to the announcement on March 1, Wang has seven years of researcher experience at the Ethereum Foundation, while Stańczak has demonstrated leadership in scaling an organization from an early-stage project to a global company.
Wang and Stańczak will take up their new roles as co-directors of the foundation on March 17. The Ethereum Foundation added: ”Over the next few years, the Ethereum ecosystem will need to navigate the challenging transition from an early-stage project serving a small number of enthusiasts to a robust, permissionless, censorship-resistant base layer for the global financial and software stack.”
These new leadership changes come at a challenging time for the Ethereum ecosystem, with the ETH price struggling to reclaim previous highs, concerns that the network’s
layer-2 scaling solutions are cannibalizing Ethereum, andincreasingly popular
scaling and scaling scaling scaling scaling scaling scaling scaling scaling scaling scaling leaf="">Competition from new high-throughput chainsis all undermining investor confidence.
Photos of Wang (left) and Stańczak (right). Source: Ethereum Foundation
Ethereum Foundation changes strategy amid complaints
Vitalik Buterin outlined a strategy to strengthen Ethereum in a blog post on January 23, including increasing the number of blobs, thereby increasing transaction capacity, and encouraging second-layer solutions to pay a certain percentage of fees to the base layer.
On February 13, the Ethereum Foundation deposited 45,000 ETH, then worth about $120 million, into the Aave, Compound, and Spark decentralized financial protocols to earn returns.
The Ethereum community welcomed the moveas it showed the foundation had another source of revenue besides selling ETH to the market and driving down the price.
Details of the Ethereum Foundation’s deposits in decentralized finance protocols. Source: Ethereum Foundation
With the emergence of the Etherealize organization, which is responsible for marketing Ethereum to institutional investors, social media presence and marketing has become a priority for the foundation in recent weeks.
Long-time Ethereum developer Danny Ryan joined Etherealize on March 1, along with Vivek Raman, as a co-founder of the initiative.
The Ethereum Foundation also sought a social media manager last month to overhaul its social media operations and enhance the network's online influence.
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Alex