In the key development of one of Crypto’s biggest nonprofits, the Ethereum Foundation (EF) has unveiled a new leadership structure consisting of two co-supervisors. The move comes after a backlash from community members over the recent struggles and issues of the ETH ecosystem.
EF introduces two executive directors
On Saturday, March 1st, the Ethereum Foundation announced a new leadership structure consisting of two co-directors, Hsiao-Wei Wang and Tomasz Stańczak. This new structure follows changes in which former executive director Ayamiyaguchi took on the role of the organization’s president.
A core researcher of EF, Wang has experience in several areas of research and was a major contributor to the Ethereum Beacon chain, which began in December 2020.
Stańczak is the founder of Nethermind, one of the largest execution clients on the Ethereum blockchain. According to a blog post in the announcement, the founder of Crypto is trying to replicate the effective talent recruitment and foundation training pipeline for Nethermind.
Source: @tkstanczak/X
Read the announcement blog post:
Under the leadership of Hsiao-Wei and Tomasz, EF ensures that Ethereum and ecosystems grow, while at the same time confirming that this growth advances the core values that motivated Ethereum’s existence, including open source, unauthorized global collaboration, privacy, and security.
Wang and Stańczak will resume their new roles on March 17, 2025 as co-executive directors of the Foundation. It is worth noting that Stańczak “is involved with Nethermind, but is in the process of transitioning from CEO position.”
Danny Ryan returns to the Ethereum ecosystem
He is not the only researcher of EF researchers who assume a higher role in the ecosystem. Former developer Danny Ryan returns as co-founder of Etherealize. Institutional Marketing and Product Arms for the Ethereum Ecosystem. Leadership position at Etherealize will be shared with Vivek Raman.
Ryan said in X’s post:
Our Work (Etherealize) Sitting at the confluence of actual adoption, common sense regulations, ecosystem development, and critical R&D across L1, L2 and application layers. WHERE (Vivek) It serves as a bridge from the real world to Ethereum. I act as a bridge from Ethereum to the real world.
At the time of writing, the ether token was valued at $2,212, reflecting a 20% price drop over the past seven days.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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