Introducing Monad Foundation

On December 16, 2024, the Monad Foundation was introduced as an independent organization dedicated to encouraging the development and adoption of the Monad blockchain protocol. The Foundation's primary activities include facilitating validator-led governance and community-led improvement proposals, providing developer documentation, and engaging in ecosystem development, marketing, and advisory-related services for the Monad protocol. Keone Hon and Eunice Giarta will be joining the Monad Foundation, along with a portion of the current Monad Labs workforce, primarily from the Business Development, Ecosystem, Community, Marketing, Developer Relations, and Operations teams.

Monad Labs will continue as a software development and research company under a new name: Category Labs. Led by James Hunsaker as CEO, Category Labs will focus on the technology underlying the Monad blockchain protocol. The rebranding to Category Labs is inspired by the functional programming concept where a monad is a monoid in the category of endofunctors.