non-profit

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

OpenClaw founder Peter Steinberger posted on the X platform in response to Anthropic's ban, stating that OpenClaw operates independently and even invited Anthropic and more than ten other companies to join our nonprofit organization. They did not respond, but we have almost successfully attracted the participation of all other companies.

Self-hosted digital bank Tria has launched the independent nonprofit organization Tria Foundation. The foundation will support research and development of technologies related to routing, execution, and security, provide funding for developer tools, integrations, and ecosystem grants, promote transparent governance and protocol management, and expand partnerships to advance the practical application of self-hosted finance in everyday life.

ChainCatcher message, the 6.3 million STRK (approximately 1.09 million USD) that Vitalik received earlier has been transferred to an address associated with the Methuselah Foundation, a non-profit volunteer organization dedicated to extending human lifespan.

ChainCatcher news, according to Ember monitoring, the non-profit development organization Argot has received 7,000 ETH in operating funds from the Ethereum Foundation and sold 1,206.6 ETH for 3.61 million dollars nearly 6 hours ago. Since yesterday, Argot has sold 2,416.6 ETH, raising 7.106 million dollars, with an average selling price of 2,941 dollars / ETH.

ChainCatcher news, according to official sources, starting from June 1, South Korea allows non-profit organizations to sell virtual assets. Upbit successfully supported the international relief and development NGO World Vision in selling its 0.55 Ethereum (ETH), worth approximately 1.98 million Korean Won. This initiative is implemented based on the "Roadmap for Corporate Participation in the Virtual Asset Market" released by the Financial Services Commission of South Korea, aimed at promoting the development of a virtual asset donation culture.Upbit operator Dunamu stated that it is ready to support listed companies and professional investors in registering to participate in the virtual asset market, which is the second phase of the roadmap measures.

ChainCatcher news, according to the official announcement, OpenAI has announced a restructuring, abandoning its previous plan to reorganize as a for-profit company, and will continue to be controlled by a non-profit organization, while its for-profit entity will transform into a "Public Benefit Corporation" (PBC).OpenAI was founded in 2015 as a non-profit organization but transitioned to a limited-profit organization in 2019 and attempted to transition again to a for-profit organization. After the transition to limited-profit, OpenAI retained its non-profit division, which currently holds a controlling stake in OpenAI's corporate division. OpenAI board chair Bret Taylor and CEO Sam Altman stated that this move aims to ensure that AI development benefits all of humanity while enhancing the ability to mobilize funds to meet the enormous computational resources required in the era of AGI.

ChainCatcher news, according to Joseilbo, the South Korean Financial Services Commission announced that starting in June, non-profit organizations and digital asset exchanges will be allowed to legally sell their held digital assets, provided they establish internal review mechanisms and strengthen anti-money laundering checks. The cryptocurrency donation assets received by non-profit organizations must be "immediately liquidated," limited to mainstream currencies on Korean won exchanges.At the same time, the government will implement new regulations starting June 1, requiring newly listed cryptocurrencies to have a minimum circulation volume and restricting market price orders in the early listing phase to prevent "listing pump and dump" schemes and the speculation of zombie coins and meme coins.

ChainCatcher news, the Ethereum Foundation members have established a non-profit research and development group called Argot Collective, aimed at maintaining free and independent software related to Ethereum. The founding members of the organization consist of about 25 current employees of the Ethereum Foundation, and the project will initially focus on smart contracts and verification services.

ChainCatcher news, according to internal documents reviewed by The DisInformation Chronicle, the UK nonprofit organization Center for Countering Digital Hate (CCDH) has listed "killing Musk's Twitter" as a primary objective in its monthly agenda template. This phrase first appeared in its planning documents from early 2024.The documents show that CCDH has outlined plans to "trigger regulatory action" against X (formerly Twitter). The organization's focus on X stems from scrutiny over its activities under the 501(c)(3) tax-exempt status. Records indicate that CCDH has held meetings with multiple groups, including the Biden White House, the office of Congressman Adam Schiff, the State Department, and representatives from U.S. media affairs.In 2023, X sued CCDH. A federal judge dismissed the case, stating that it appeared to be an attempt to punish CCDH for its critical reporting on the platform.

ChainCatcher news, according to CoinGape, Abra CEO Bill Barhydt stated that medium-sized companies and non-profit organizations are increasingly converting their assets into Bitcoin. This trend follows the successful strategy implemented by MicroStrategy, which has seen its stock price appreciate due to holding a large amount of Bitcoin.Barhydt expects that many medium-sized companies and non-profit organizations with substantial dollar reserves will convert these reserves into Bitcoin, and the stock prices of these companies will follow the upward trend seen by MicroStrategy after acquiring Bitcoin.

ChainCatcher news, the TON Foundation has established a non-profit organization in Switzerland.TON commits to providing detailed transparency reports that comprehensively outline the tokenomics of Toncoin and the historical distribution of the tokens. These reports will provide details on token issuance, partner allocations, development, community incentives, and expenditures for operations and ecosystem growth.

ChainCatcher news, according to official sources, TomoChain has announced the launch of a non-profit organization, Tomo Foundation, which will support various activities within the ecosystem, including hackathons, accelerator programs, ambassador programs, workshops, social events, and more.

ChainCatcher message, the Bitcoin Ordinals team stated that they have created a non-profit organization called Open Ordinals Institute, which will support the development of the protocol by funding its core developers, including the project's anonymous chief maintainer Raph. Currently, the number of inscriptions engraved on Bitcoin has surpassed 21 million.

ChainCatcher news, according to The Block, cryptocurrency market maker GSR will launch the GSR Foundation and pledge $10 million. The foundation's initial focus will be to provide smaller grants to nonprofit organizations to address technological barriers in marginalized communities. The GSR Foundation will also support nonprofits globally, aiming to tackle deep-rooted issues in the charitable ecosystem that can be overcome through emerging technologies. (Source link)

ChainCatcher news, Render Network has announced the establishment of the non-profit organization Render Network Foundation, dedicated to maintaining the core Render Network protocol and developing its community and ecosystem. As part of the foundation's creation, the founding team has transferred control of the Render Network core codebase and the Render Network brand to the foundation.It is reported that Render Network was previously the world's first blockchain-based decentralized computing, GPU rendering, and 3D content platform under the authoritative cloud graphics company OTOY in the United States, with the mission of creating a toolkit and technological infrastructure to promote the vision of an open metaverse. (source link)

ChainCatcher news, the encrypted venture capital firm IOBC Capital announced several globalization plans at the "Crypto Grand Voyage" event in Singapore. IOBC Capital partner Alva Xu stated, "IOBC is divided into two business segments: direct investment and FOF. In terms of FOF, IOBC Capital has invested in several top crypto venture capitals this year and will continue to invest in many high-quality crypto venture capital firms globally in the near future; in terms of direct investment, IOBC Capital has participated in projects including bloXroute and LayerZero, and will focus on innovative projects in infrastructure and middleware sectors next."At the same time, IOBC Capital also announced a funding plan for high-quality non-profit technology research organizations worldwide to help advance the industry and build a high-quality crypto ecosystem together.In addition, Alva Xu mentioned that offices have been opened in the United States and Europe, and teams will be established to open offices in Singapore, Dubai, and other locations in the near future.

ChainCatcher news, Facebook's parent company Meta has joined the MPC Alliance, a non-profit organization focused on cryptographic privacy and security.It is reported that the MPC Alliance consists of 59 members, including Alibaba Group, engineering company Bosch, and a range of blockchain companies, including Bolt Labs, Ciphermode Labs, and Partisia Blockchain. (source link)