ENS DAO formally establishes a foundation through a proposal to strengthen the decentralized domain name ecosystem governance

Comparatively, ENS DAO has voted to pass the “Next Era of ENS DAO (Next Era of ENS DAO)” proposal and completed on-chain implementation, and officially established the ENS Foundation (ENS Foundation) to push the ENS ecosystem into a new stage of governance.

According to the proposal, the ENS Foundation will become a fully operational organization with a full time executive director, a team of professionals, and a 5-member board of directors responsible for the institutionalization of ENS in laws, policies, standard-setting, and brand protection. ENS said that over the past decade, ENS has developed into an important infrastructure for the Ethereum ecosystem, has millions of registered domain names, and is integrated by numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks legal entity status and cannot effectively participate in the governance of the Internet naming system, sign institutional cooperation agreements, hire full-time employees, protect trademark rights, or participate in regulatory discussions. The ENS Foundation was established to fill this gap. In the future, the Foundation will be responsible for:

1. Represent ENS in ICANN, IETF, W3C and other Internet standards organizations to promote the recognition and management of “.ens” top-level domain names (TLDs);

2. Participate in policy discussions as a legal entity and communicate with regulators and government departments;

3. Hold and protect ENS trademarks and intellectual property rights to combat phishing and impersonation;

4. Hire full-time employees, responsible for ecological operation, funding plans and fund management;

5. Become a formal partner between traditional institutions such as registration agencies and standards organizations and the ENS ecosystem.