As the controversy revolved around the Ethereum Foundation (EF) this winter, one of Ethereum’s most respected architects was silently plotting his next movement. Danny Ryan, a key visionary behind the most ambitious update of Ethereum, “The Merge”, eliminated the EF in September, but entered into conversations a few months later to meet with the organization as its new leader.
“I was talking with Vitalik [Buterin] And others so that they potentially help administer the Ethereum Foundation, “Ryan revealed in a sincere interview with Coindesk. But as the non -profit organization behind the second largest block chain, a dramatic leadership reorganization was restructured, Ryan’s path changed unexpectedly to another place, to take Ethereum to Wall Street.
The changes in the Ethereum Foundation occurred in the midst of growing disturbances of the community. Critics blamed the bases for their perception that Ethereum was losing impulse to ascending rivals as a solana. The reorganization included transferring Aya Miyaguchi, executive director of the Foundation since 2018, to the role of the president.
Instead that Ryan took the previous position of Miyaguchi, the daily leadership of the Foundation was transferred to Hsiao-Wei Wang, an EF researcher, and Tomasz Stańczak, founder of the Nethermind Client Client Software of Ethereum.
The Ethereum Foundation, a Swiss non -profit organization, is the main organization that supports the development of Ethereum’s blockchain ecosystem. It manages a treasure of Ethereum ether tokens (ETH), which distributes through subsidies to ecosystems projects. It also serves a team of developers and researchers who play a key role in the coordination of updates and the configuration of the chain road map.
In January, when the EF leadership shake was underway, Ryan “ended up separating mutually” with Bugerin and the Foundation, he said. “Shortly after, they introduced me to Vivek [Raman]”One of the founders of Etherealize, a new firm aimed at bringing Ether (ETH) products to Wall Street. In March, Ryan announced that he would join Etherealize as co -founder.
Ryan says that he made the movement because he believes that Ethereum is at a point of technological inflection: “Ethereum is much larger than the EF. It is not just a couple of changes in the EF who are going to do or break Ethereum in general.”
According to Ryan, what the ecosystem needs more than ever is to put its technology in the hands of real users. “The only reason why things are more existential at this time than in recent times is that the world is really ready to adopt these systems,” Ryan said. “It is existential that Ethereum, a truly open, decentralized and without permission platform, is the one adopted.”
From Web3 to Wall Street
In Etherealize, Ryan aims to connect Ethereum’s technical ecosystem with institutional finances. The company is developing financial products that will make Ethereum more accessible to traditional investors while maintaining the central values of the block chain.
As an EF researcher, Ryan played a central role in the mapping of the ambitious Ethereum of Ethereum work proof of Sktry, known as the merger. He believes that his narrow links with one of the most influential organizations in the Ethereum space will benefit his new work in Etherealize.
“I climb on board, we can make that bridge bidirectional. I have a deep Ethereum context: I helped build the protocol, ”said Ryan. “I know all the people who work on it. I know the challenges in question and I understand how things can be developed in the coming years. And then I can serve as a bridge from Ethereum back to the real world. “
As for the role of Ryan, specifically, his responsibilities are not totally defined: “I would love to be ederizing the mandate of doing something open [research and development]and be a player in the Capa-1 or the CAP-2 or the R&D of the application layer. But we are still discovering the layman of the earth there. “
Industry observers point out that Ryan’s movement arrives at a fundamental time for the adoption of Ethereum and institutional cryptography. With a new regulatory environment for cryptography under the president of the United States, Donald Trump is expected that traditional financial companies, in the United States, in particular, feel more comfortable by adopting Blockchain technology. Ryan hopes that his good technical faith can help these integrations to meet the rigorous standards of Wall Street without committing to Crypto’s central ideals.
“We plan to take the entire world to Ethereum to any extent we can, and have a deep technical history and an understanding about Ethereum in a very fundamental way will help us do it,” Ryan said.
Looking to the future for the Ethereum Foundation
When asked about the moment of his EF departure in the midst of growing criticisms of the organization, Ryan offered a measured perspective. “Much of what we have seen is only the dynamics of the market, regardless of the fundamental value, paint people’s perspectives on things, and sometimes they look for someone to blame or give a finger,” he explained, referring to the volatility of ETH prices that has sometimes colored the public feeling about the project.
Ryan is still optimistic about the changes that come to the foundation that once considered leadership. “I am excited about some new blood,” he said. “I know Aya since January 2018; we have worked closely for years. I have said publicly that I admire his leadership, and I think he has made a series of really important calls on how to manage the EF.”
He added that he is “excited by the two leaders” who were high to replace Miyaguchi. “They have a very technical history and a deep understanding of Ethereum, both the positive and the negative in terms of the construction of the protocol.”
Read more: Ethereum’s new cheerleader on Wall Street: A Q&A with Vivek Raman
