coldStar1993(httpz)

We’re starting a new AI Team at the Ethereum Foundation (the dAI Team). Our mission: make Ethereum the preferred settlement and coordination layer for AIs and the machine economy. The team will focus on two main areas: - AI Economy on Ethereum = giving AI agents and robots ways to pay, coordinate, and follow rules without middlemen. - Decentralized AI Stack = making sure the future of AI doesn’t rely only on a handful of entities but has open, verifiable censorship-resistant alternatives. We believe Ethereum can be as useful for today’s AI developers as it will be for the sci-fi future. That’s why we’ll work closely with ecosystem projects to accelerate progress and push the boundaries of research and innovation at the intersection of AI and blockchains. Connecting two communities that have too often worked in parallel. We’ll work side by side with both the Protocol and Ecosystem teams at the EF. Linking protocol improvements with the needs of AI builders, and funding innovative public goods that will make Ethereum the best home for AI. Ethereum makes AI more trustworthy, and AI makes Ethereum more useful. The more intelligent agents transact, the more they need a neutral base layer for value and reputation. Ethereum benefits by becoming that layer and AI benefits by escaping lock-in to a few centralized platforms. Acting with purpose and urgency, we’ll continue our recent work on ERC-8004—a standard for proving who an AI agent is and whether you can trust it— and continue to support new upgrades and standards. Inspired by the d/acc philosophy and Ethereum values, we’ll support projects that are leveraging Ethereum to build a more resilient and secure AI ecosystem where humans can flourish with AI. Ethereum + AI is about making sure humans keep agency and AI can reach its potential. Neutral, verifiable, censorship-resistant infrastructure means AI works for the people, all of us. The team starts with myself as lead, and we’re just getting started. Explore our job postings and resources below, and join us in building the future of decentralized AI on Ethereum.

The time for humans as the internet’s primary user is over. We are building software for AI agents. Introducing Ensue - the shared memory layer for agents.

We appreciate everyone who has read the H1 Mina Foundation Transparency Report and we are happy to share more context on some of the results, in response to some questions we see in the community. As you may recall, after a thorough review of the Foundation’s operating model and activities, the Board — with the support of current MF executives — recognized the indisputable need to restructure the Foundation’s activities and centralize many functions with o1Labs. Among several factors driving this decision was the financial model of the Foundation: plainly speaking, the high cash burn relative to the results being delivered to the ecosystem. The Board, alongside the current MF management team, reduced its size from approx. 50 to now less than 10 staff. Given the restructuring costs and transfer of assets to o1 to support their new role in the ecosystem, the burn remained high through Q2. However, starting July 1, 2025 the Foundation has ceased Mina OTC sales, which had been necessary previously to adhere with the Swiss standards for minimum operating cash based on our (prior) elevated burn. Just to reiterate: the Foundation has only ever sold Mina tokens for USD operational purposes. In addition to substantially reducing burn, the Foundation has been, and will continue to be, focused on maximizing its capital in order to hand maximal assets over to the Community (through a controlled and governance-enabled decentralized treasury). With this goal in mind, the Board approved a purchase of BTC (with pre-existing USD reserves, not by selling extra MINA) by the Foundation at the beginning of the year as a way to maximize and grow capital, which will now ultimately go to the community. Previously, Mina Foundation’s USD investment policy only allowed for investments in T-bills and highly rated stock. The Board approved a revision to this USD investment policy to enable a percentage of the Foundation’s USD investment portfolio to be allocated to BTC. This turned out to be a wise investment decision, yielding significant gains which will ultimately translate into value for the community’s decentralized treasury. Just to reiterate: the Foundation did not choose between BTC or Mina, or sell Mina to buy BTC. The decision to reallocate the USD investment portfolio to include BTC was in the service of maximizing our capital for the community. Once again, we really thank everyone for taking a close look at the Transparency Report and asking these questions. We hope it’s clear that the Foundation is hugely committed to preserving and maximizing its remaining capital so as to ultimately deploy to the community, via the decentralized treasury. We believe the community is the strongest part of the Mina ecosystem and we believe the community should be responsible for future allocation of the Foundation’s remaining capital. Now that the transition of other critical responsibilities and resources to o1 has concluded, we will continue our efforts to build a secure and community-driven decentralized treasury model as quickly as we can. This is our focus and we appreciate all of your support and feedback in the coming months as we work together toward this objective for the Mina ecosystem.