BitMine, Sharplink, Consensys Founder Joseph Lubin Launch New ETH Venture

In a major ETH ecosystem update, a new Ethereum-focused nonprofit, Ethlabs, has launched with support from some of the ecosystem’s most influential stakeholders.

These include ETH treasury firms BitMine and SharpLink, Ethereum co-founder Joseph Lubin, venture investor SNZ. The launching founders also include more than 50 researchers, developers, founders and institutional advocates from across the Ethereum ecosystem.

Describing itself as a nonprofit research and development lab for Ethereum and ETH, Ethlabs says its mission is to help transform Ethereum into “the settlement layer of the global economy.”

The organization arrives at a time when Ethereum as a network is increasingly  growing. It’s among the leading blockchains being used for  stablecoins, defi, tokenized real-world assets and equities.

The team at Ethlabs @ethlabs_org is one the cores driving the future of @ethereum

Thus, Bitmine is delighted to be a key partner backing the efforts of this team $ETH is money https://t.co/cLmL3ahmZw

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) June 22, 2026

SharpLink described Ethlabs as an independent organization that will help prepare Ethereum for its next phase of institutional adoption. In its launch announcement, it said it will continue to advance the protocol’s long-term development.

What Is the new Ethereum Ventue Ethlabs?

EthLabs is an entity aiming Ethlabs positions itself as a bridge between protocol development and real-world adoption. It is unlike the Ethereum Foundation, which primarily focuses on protocol stewardship and core research,

The organization says it will work with users, wallets, Layer-2 networks, infrastructure providers, institutions, application developers, ETH holders and researchers. It will help them identify ecosystem needs and translate them into protocol improvements, standards, infrastructure and products.

One of the founder Julia wrote in a X post, “At Ethlabs, I will focus on growth by: – Supporting Ethereum’s builders. – Improving infra and standards for devs, builders, and institutions. – Increasing distribution for Ethereum’s apps and assets.”

We just announced Ethlabs (@ethlabs_org). Its mission is stewarding the growth of Ethereum and ETH. Here is why I decided to stay in Ethereum after four years at the Foundation.

We are at the moment Ethereum was built for. Adoption is here. Blokchains are being adopted as the… https://t.co/4b4pHUjJ69

— Julian (@_julianma) June 22, 2026

Ethlabs added that it intends to contribute to critical Ethereum research and development. The venture’s team of researcher and developers will also be building infrastructure and products where the ecosystem needs them most.

The nonprofit is founded by former senior Ethereum Foundation researchers, including prominent Ethereum researcher Danny Ryan, who recently announced he would remain focused on Ethereum through the new initiative.

Who are the Founders of ETHLabs

One of the most notable aspects of the launch is the breadth of support behind the organization. Its anchor backers include BitMine, SharpLink, Joseph Lubin.

Additional contributors and supporters include organizations and ecosystem leaders associated with Ethereum Foundation. For instance, Barnabé Monnot, who previously co-led Ethereum protocol development, and former Ethereum Foundation researcher and product lead Jullian.

Other community founders include EigenLayer, Flashbots, Coinbase, Optimism, Polygon, ZKsync, EtherFi, Dragonfly, ENS, Etherealize and several other major Ethereum projects.

The coalition spans virtually every corner of the Ethereum ecosystem. From core protocol researchers and Layer-2 developers to institutional advocates, venture investors and treasury companies.

It also comes as Ethereum price has down by 5% from $1,870 to currently trade at $1732 range this week, down by 5%.

Does this make it the alternative to Ethereum Foundation?

The launch has also sparked debate within parts of the Ethereum community. Because Ethlabs is being led by former Ethereum Foundation veterans, some observers have questioned whether the organization could evolve into a more execution-focused counterpart to the Ethereum Foundation.

The discussion has been particularly pronounced as Ethlabs openly advocates for both Ethereum and ETH, a departure from the Ethereum Foundation’s traditionally neutral stance toward the asset itself.

Some community members have suggested the nonprofit could provide a more agile vehicle for ecosystem growth, adoption, and product development. Others have framed it as a potential alternative center of influence within Ethereum’s increasingly multi-institutional ecosystem.

Adding to the conversation, Kalshi product executive Josh Stark remarked that Ethlabs could represent a model that “just won’t dump gajillions of ETH every quarter for every reason,” a reference to long-running community criticism of the Ethereum Foundation’s periodic ETH sales to fund operations.

While Ethlabs has not positioned itself as a replacement for the Ethereum Foundation, the emergence of a well-funded organization backed by major ETH stakeholders could be  a debate that can continue.

The launch comes as Ethereum enters what many supporters view as a critical stage in its evolution. ETH treasuries such as Bitmine are continuing to expand beyond just accumulate but to build around Ethereum ecosystem.

Ethereum remains the dominant blockchain for decentralized finance, stablecoins and tokenized assets, and continues to attract institutional interest despite a challenging market environment.

ETH has traded around the $1,700-$1,800 range in recent weeks, recovering from early-June lows but remaining significantly below levels seen a year ago. Market participants have continued to debate Ethereum’s long-term outlook amid ongoing network upgrades, growing Layer-2 adoption and increased institutional participation.

At the same time, Ethereum developers are preparing major scalability upgrades

For Ethlabs, those developments represent an opportunity.

The nonprofit argues that Ethereum already possesses the neutrality, security and infrastructure necessary to become the foundational settlement layer for digital finance. The next challenge, it says, is accelerating adoption and ensuring the ecosystem can meet growing demand from users, developers and institutions.

“Principles do not change the world until people benefit from them,” the organization said.

With backing from some of Ethereum’s largest stakeholders and a mandate that stretches beyond pure protocol research, Ethlabs is positioning itself as a new coordination layer for the network—one focused on turning Ethereum’s technical strengths into broader real-world adoption.