POPA ReconENS Foundation Takes Over Its $65M Endowment
ENS Foundation Takes Over Its $65M Endowment ENS tokenholders approved the Next Era of ENS DAO proposal with about 70% support, putting the $65M endowment under a newly operational ENS Foundation with a five-member board, an executive director and staff. The DAO keeps its 54.6% token majority and authority over the protocol, but the Foundation can now do what a purely decentralized body cannot: engage institutions like ICANN and defend ENS trademarks. The endowment is funded from .eth registration fees. The revamp lands after a governance fight, when ENS Labs CEO Nick Johnson self-delegated…
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