Per Woofun AI, Ethlabs, a newly established non-profit research and development entity led by former Ethereum Foundation researchers, has secured financial backing from Ethereum co-founder Joe Lubin, alongside BitMine and Sharplink. The organization also acknowledges over 50 ecosystem contributors as community supporters, reinforcing its foundational network.

Ethlabs defines its core mission as elevating Ethereum to 'the settlement layer of the global economy' by driving large-scale institutional adoption and delivering protocol-level support for AI Agent applications. Moving forward, the organization intends to serve as a critical interface between 'real-world usage demands' and 'protocol development,' effectively translating the practical requirements of leading innovators into standardized products and technical frameworks.