Daily Market Updates: ENS Foundation gains administrative control of $65 million endowment

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ENS Foundation gains administrative control of $65 million endowment

The Block reports that ENS tokenholders voted to convert the ENS Foundation into a fully operational organization with a five-member board and authority over its finances.

Reported · Written up by our desk · Market Structure

ENS tokenholders have voted to transform the ENS Foundation into a fully operational organization and grant it administrative control of an endowment worth $65 million, according to The Block.

The plan includes creating a five-member board and giving the foundation financial power, following the tokenholder vote.

The change is intended to move the ENS Foundation into a more hands-on governance and operating structure with authority over the endowment funds.

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The BlockENS Foundation takes administrative control of $65 million Endowment following tokenholder vote

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ENS Foundation gains administrative control of $65 million endowment

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