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$EIGEN Token Announcement With Sreeram Kannan and Robert Drost

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NOTE

Transitioning to a New Foundation for Success

Transitioning to a new foundation involves a significant amount of preparation, especially in moving from a labs-based protocol to a community-driven approach. The Eigen Labs foundation is a new organization with distinct objectives focused on advancing the Eigen protocol's success. While Eigen Labs requires a corporate structure due to its investor-based nature, Eigen Labs foundation operates as a shareholder-less nonprofit with a clear mandate to enhance the Eigen protocol's success. The foundation's commitment to community involvement and the public good is highlighted by its alignment with DAO structures and examples like the Ethereum and Optimism foundations.

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