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Ethereum Nonprofit Backed by Joe Lubin, BitMine and SharpLink Targets Institutional Market

7/5/2026

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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