ENS DAO Approves Major Overhaul for Foundation

The ENS DAO just finalized a vote to turn the ENS Foundation into a full time operating entity. This shift brings in a new five seat board and a dedicated professional staff to handle the daily tasks of the project. Previously the DAO managed most operations but this change moves power toward a more streamlined team.

The Foundation will now take direct responsibility for an endowment worth about 65 million dollars. This move is designed to make the organization more efficient by allowing the staff to make faster decisions without needing a full community vote for every small operational detail.

This is a significant step for the Ethereum Name Service as it looks to mature its governance model. Traders and community members are watching to see how this transition impacts the long term development of the protocol. Supporters hope that professional management will help the project scale more effectively in the coming months.