Bankless founder, who has cleared ETH, has said he will support Ethlabs, saying it represents Ethereum's brightest future

David Hoffman, founder of Bankless, who had previously cleared ETH, said in an X post about the newly established Ethlabs: "The Ethereum Foundation (EF) has deliberately left a power vacuum so that the new organizational structure can step forward and influence the development direction of Ethereum. I think the direction Ethlabs is leading represents the brightest future for Ethereum. I am happy and will continue to support them as they go forward." Previously, David Hoffman publicly stated in late May that he had cleared all ETH positions. Yesterday evening, several former Ethereum Foundation researchers announced the establishment of a non-profit organization Ethlabs to promote Ethereum into the next stage of growth. Bitmine, SharpLink and Joe Lubin have all expressed their support.