ME News reports that on August 11 (UTC+8), according to official announcements, ENS token holders have approved the “New Era of ENS DAO” proposal, and the corresponding implementation has been executed on-chain. The ENS Foundation has officially become an independently operated entity. The Foundation will appoint a full-time Executive Director, dedicated staff, and a five-member Board of Directors to represent ENS in interactions with organizations such as ICANN, IETF, and W3C; advance matters related to the .ens top-level domain; and manage policy communications, intellectual property protection, talent acquisition, ecosystem grants, and other offline operations. ENS stated that with the Foundation’s official launch, ENS Labs will be able to focus more closely on protocol and product development, including core infrastructure such as ENSv2. Under the new governance structure, ENS DAO, ENS Foundation, and ENS Labs will form a clearly divided tripartite system. The Endowment fund, supported by .eth domain registration fees, remains unchanged, with all transactions subject to a nine-day lock-up period during which the ENS Security Committee may veto operations exceeding the Foundation’s authorized scope. ENS DAO holds 54.6% of the total ENS supply and retains control over the tokens, with one exception: a one-time transfer of 1 million ENS tokens to the Foundation to fund employee compensation under a publicly disclosed pay framework. The ENS Foundation and ENS Labs are legally and operationally independent entities; the Foundation does not own ENS Labs, nor does ENS Labs hold governance rights over the Foundation. Token holders retain the authority to appoint or remove Foundation directors. The inaugural five-member Board of Directors of the ENS Foundation includes Executive Director Alexander Urbelis, ENS founder and ENS Labs CEO Nick Johnson, and three independent directors: Kartik Talwar, General Partner at A.Capital Ventures and Co-founder of ETHGlobal; Brett Sun, Co-founder of Prelude; and Anthony Leutenegger, CEO of Aragon. ENS stated that existing stewards, grant programs, and other prior commitments will continue to be honored, with the Foundation gradually assuming responsibility for grant initiatives, working groups, and related functions. In the future, ENS Labs will continue to lead core protocol development; the DAO will oversee protocol governance and Foundation oversight; and the Foundation will fulfill the necessary offline institutional functions to support protocol operations—working together to advance ENS’s long-term growth. (Source: BlockBeats)
ENS Foundation Becomes an Independent Entity, Receives 1 Million ENS Tokens
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Summary
The ENS Foundation has become an independent entity following the ENS DAO’s approval of the “ENS DAO New Era” proposal. The foundation will appoint a full-time executive director, staff, and a five-member board to represent ENS in organizations such as ICANN, IETF, and W3C. It will manage crypto policy updates, intellectual property protection, and offline operations. The ENS DAO retains control with 54.6% of the total token supply. A one-time transfer of 1 million ENS tokens will fund employee compensation. The initial board includes Alexander Urbelis, Nick Johnson, and three independent directors. New token listings and governance actions continue to shape the ENS roadmap.
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