ENS Foundation Takes Control of $65M Treasury After Vote

The Ethereum Name Service community has spoken, passing a major proposal to transform the ENS Foundation into a fully operational entity. Following the successful tokenholder vote, the organization will now operate under a newly appointed five member board. This fresh leadership team holds direct financial power over the project.

Previously, the foundation played a more limited role in the ecosystem. Now, the newly empowered board will manage a substantial $65 million endowment. This move aims to speed up decision making and fund future growth initiatives without waiting for massive community votes on every single operational expense.

Traders and governance participants should watch how the new board allocates these funds in the coming months. Efficient capital deployment could drive stronger adoption for the domain name protocol, while any missteps might draw scrutiny from community members. For now, the transition marks a mature step forward for decentralized governance in the project.