ENS governance approves proposal to formalize foundation as operating body

ENS governance approves proposal to formalize foundation as operating body ENS governance has approved a proposal to convert the foundation into a formal operating organization, The Block reported. The proposal passed with about 70% support. Under the plan, the ENS Foundation will become a formal organization with full-time executives, permanent staff and a five-member board, while gaining administrative control over about $65 million. The overhaul is aimed at building an organizational base capable of operating within formal institutional frameworks, including working officially with bodies such as ICANN and protecting trademarks. The foundation said a DAO alone lacks the legal and operational capacity to represent infrastructure and operate across multiple areas.