Lido founder Konstantin Lomashuk shared an X profile called “Second Foundation,” which was created amid discussions about the effectiveness of the Ethereum Foundation’s (EF) efforts for the ecosystem.
However, Lomashuk clarified that no such entity has been created, and he would share his thoughts on the EF case soon.
The development comes after Ethereum co-founder Vitalik Buterin stated that the future of the blockchain is decentralized, and EF is just one part of it in a Jan. 21 post. He added:
“EF should not ‘midcurve,’ it should confidently represent the aspects of Ethereum that it can be effective at representing, and deliberately create and nurture open space for other orgs to represent the other aspects of Ethereum. Some of those other aspects arguably even make more sense in a for-profit format.”
Additionally, Buterin responded to calls for changes in the EF, including rejecting demands for Executive Director Aya Miyaguchi’s resignation over the foundation’s
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