Two of the founding executives of the multi-million Golem Factory are leaving the startup to head up a new non-profit R&D effort known as Golem Foundation. The new foundation will pursue riskier yet ambitious research and development initiatives.
In a press release, Golem Factory CEO, Julian Zawistowski, stated that the goal of the foundation is to pursue fresh, innovative and experimental yet riskier opportunities as per the Golem proposition and to enhance the Golem Network Token (GNT).
The statement said that Julian Zawistowski and the immediate former COO in Golem Factory, Andrzej Regulski are set to leave the company leaving the reigns to CTO Piotr Janiuk and lead software engineer Aleksandra Skrzypczak.
Explaining the developments, Zawistowski said that the Golem project has reached a stable phase. In this regard, part of the team can easily diversify and research different business or tokenomics avenues.
Skrzypczak explained the new model in details to CoinDesk:
“After several years working together, we came to the realization that in order to keep the research and development of the Golem Network stable and focused, while not relegating the thirst that any technologist has for constant innovation, spinning off a new entity within Golem’s ecosystem is the best way to boost the efforts.”
The four men started Golem Factory in 2016 and managed to raise about 820,000 ETH or about $240 million as per the current market metrics, to develop a distributed computation platform on based on Ethereum blockchain.
Popularly known as Airbnb for computers, the project is basically an option to the cloud computing platforms where a user is free to buy or let out idle computational resources.
Golem was released on the Ethereum mainnet at the start of 2018 with a product beta launch that was referred to as Brass Golem. Currently, the team is poised to launch its next beta that will be released in the coming fall and will be known as Clay Golem. In addition, the developers are also developing Golem Unlimited that will enable the formation of subnetworks on Golem and will be run by data center-like setups so as to increase the network reach.
Although the team is pursuing the technical roadmap for the Golem community, the newly created Golem Foundation will be operating independently and will have its own goals.
Zawistowski explained the mandate of the new foundation:
“In the beginning, we want to start with thorough research of alternative approaches that contribute to the long-term vision behind Golem and create novel and out-of-the-box solutions useful for Golem and GNT. Exploring these options requires a limited period of time working in a semi-stealth mode.”
More Details To Be Announced Later
Currently the company has not yet announced the details or the areas of focus by the research and development team. However, Skrzypczak was categorical that privacy related tools will be part of the Foundation’s plans. The details will be shared in the near future in order to keep the Golem community updated.
What areas would you like the Golem Foundation to focus on? Let us know in the comments section below.