Ethlabs funders admit they will compete with the Ethereum Foundation for talent, and the two roadmaps have started to overlap.
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According to ChainCatcher, the new Ethereum research lab, Ethlabs, was launched this week, jointly funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies (holding about 5.7 million ETH), and Sharplink (holding about 876,000 ETH). The specific funding amount was not disclosed.
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