Industry Experts Advocate for New Models in Blockchain Project Management

According to PANews, Miles Jennings, the head of policy at a16z Crypto, highlighted in a blog post on June 2 that the foundation model used by projects like Ethereum and Solana is hindering industry growth. Jennings identified four major flaws in the current foundation structure: lack of market accountability, legal restrictions on business activities, operational inefficiencies, and a tendency towards centralized management. Martin de Rijke, head of growth at Maple Finance, added that a corporate approach is better suited to meet rapidly changing market demands. Jennings suggested replacing the foundation model with regular development companies, arguing that companies can allocate resources more efficiently and respond to market needs effectively. The Uniswap Foundation was cited as one of the few successful examples. Jennings proposed two alternative solutions: a decentralized nonprofit association (DUNA) to grant DAOs legal entity status, and governance through on-chain tools to create 'cyborg organizations.' Analysts noted that as the regulatory environment in the United States improves, the offshore foundation model that obscures control needs to be reformed.