Ethlabs has been established with backing from prominent figures in the Ethereum community, including Joe Lubin, and leading ETH decentralized autonomous tokens (DATs) Bitmine and SharpLink.
The nonprofit's primary focus will be on fostering institutional adoption of Ethereum, which is seen as essential for the network's growth.
According to statements from SharpLink, Ethlabs aims to prepare the Ethereum network for the anticipated demand from institutions, particularly in areas such as stablecoins, tokenization, and artificial intelligence.
Updates
Update at 03:21 UTC on 2026-06-23
Cointelegraph reported Sharplink says the new nonprofit, Ethlabs, “exists to ensure the network is ready to absorb” the demand that institutions will place on it with stablecoins, tokenization and AI.
Sources: Cointelegraph