ENS Tokenholders Approve Major Foundation Control Shift

Ethereum Name Service tokenholders have officially approved a new proposal that transforms the ENS Foundation into a fully staffed organization. This new structure includes a dedicated executive director and a five seat board of directors.

Along with the new staff, the foundation now holds onchain control of the DAO endowment. While the vote passed, some community members previously raised concerns regarding the keys and ownership transfer during the debate.

Traders and governance participants should keep an eye on how this new leadership team manages the treasury funds moving forward. This change marks a significant operational step for one of crypto's leading naming protocols.