Danny Ryan joins Etherealize as Ethereum holds at $2400
Longtime Ethereum (CRYPTO:ETH) developer Danny Ryan has joined Etherealize as a co-founder alongside Vivek Raman, aiming to market the Ethereum ecosystem to institutional investors.
Ryan, who previously served as a senior researcher at the Ethereum Foundation, will focus on bridging Ethereum back to the real world, complementing Raman's efforts to connect the real world to Ethereum.
"This sits at the confluence of real adoption, commonsense regulation, ecosystem development, and critical R&D across L1, L2, and the application layer. We plan to become an active player across the Ethereum sphere," Ryan stated.
This move comes amid leadership changes at the Ethereum Foundation and investor concerns due to Ethereum's price.
In January 2025, Ryan was also informally elected as the head of the Ethereum Foundation in an on-chain referendum initiated by votedannyryan.com, receiving support from 296 wallets representing over 50,000 ETH, valued at approximately $160 million.
Ethereum co-founder Joseph Lubin publicly supported Ryan's participation in the foundation's leadership.
The Ethereum Foundation is undergoing an administrative overhaul, with Vitalik Buterin assuming sole authority over its leadership in January 2025.
"If you 'keep the pressure on', then you are creating an environment that is actively toxic to top talent," Buterin rebuked the community for its toxicity toward Ethereum Foundation personnel.
The Foundation has launched the EF Silviculture Society, an advisory group of external individuals, to provide informal guidance on maintaining Ethereum's core values, including open-source development, privacy, security, and censorship resistance.
Etherealize aims to educate institutional investors about Ethereum and act as a marketing arm for the ecosystem.
Ethereum has struggled to regain its all-time high of approximately $4,800 set in 2021, leading to decreased investor confidence.
Danny Ryan's return is seen as a boost to Ethereum's core capabilities, potentially instilling greater confidence among developers, investors, and users.
At the time of reporting, the Ethereum (ETH) price was $2,433.05.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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