Why Ethereum Institutional faces the same fate as Etherealize
Plus: ACDE #240 call summary and ENS DAO drama 🌙
Good evening,
Tonight, I’m discussing the newly announced nonprofit, Ethereum Institutional, which is backed by the same two funders of EthLabs, Bitmine and Sharplink.
Ethereum Institutional is a nonprofit focused on accelerating Ethereum’s institutional adoption.
For longtime readers of my newsletter, this mission statement should ring a bell, as it’s oddly similar to that of another institution-focused Ethereum organization, Etherealize.
Below, I explain why these two organizations differ yet are likely to face the same challenges in pursuing their missions.
Let’s get into it.
Yours truly,
Christine D. Kim
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The shot 🥛
The chaser 🍪
The year is 2026, and Ethereum, after more than a decade of development and evolution, is still a protocol largely stewarded by a single organization, the Ethereum Foundation (EF).
However, as I discussed last week, this may be starting to change. Finally.
