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A new independent nonprofit backed by Ethereum co-founder Joe Lubin and publicly traded firms BitMine and SharpLink has launched with a stated mission to accelerate institutional adoption of $ETH.
The organization is designed to function as a liaison between the Ethereum ecosystem and financial institutions exploring the network — arriving at a moment when competition for institutional crypto capital is visibly intensifying.
Who Is Behind It and Why That Matters The presence of Joe Lubin as a backer is the most significant signal here.
Lubin, a co-founder of Ethereum and the force behind ConsenSys, carries genuine standing with the institutional finance world that most crypto advocates simply do not have.
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