ENS plans institutional expansion push with Foundation launch

ENS token holders have ratified the “Next Era of ENS DAO” proposal and pushed the executable onchain, standing up the ENS Foundation as a working organization with a paid executive director, staff, and a board of five, ENS Labs said in an August 11 blog post. 

The change gives ENS its first legal body able to sit in rooms where a DAO cannot. Also, the body will be handling the day-to-day operations while the token voters will continue to control the protocol.  

Why a DAO couldn’t sign the paperwork

According to ENS Labs, a DAO has no standing to sign standards agreements, employ full-time people, take a trademark holder to court over a phishing clone, or answer legal process. 

Before now, most of the representative work went undone, with ENS Labs handling some of it, a role that they were not well-equipped to speak on, given that they are primarily focused on engineering.

Now that the Foundation is live, ENS Labs says that it can now focus on building, and this includes the ENSv2 upgrade. 

The Foundation is tasked with carrying the offchain load. It can now join ICANN, IETF, and W3C discussions and chase recognition of the .ens top-level domain. 

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