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Useful Information

ENS Labs Limited (formerly True Names Limited) is a Singapore-based non-profit organization responsible for the core software development of ENS. This includes the core ENS contracts, the ENS Manager app, the ENS meta-data service, open source libraries like ensjs, and documentation.

ENS Labs was founded as a non-profit company thanks to a $1m grant from the Ethereum Foundation. ENS Labs has also received grants from Chainlink, Protocol Labs, and others listed here.

Aside from grants, ENS Labs is funded by ETH raised in the short-name auction in late 2019. For the initial distribution of 3-6 character names, an auction was run in conjunction with OpenSea. The auction raised 5,699 ETH, worth ~$1.1 million at the time. Prior to the auction, only names with 7 or more characters were available for registration.

ENS Labs has never received VC funding.

In July 2022, an Executable Proposal was put forward to fund ENS Labs (formerly True Names Limited), requesting a daily stream of $11,500 USDC, backdated to January 1, 2022. The DAO voted ‘For’ this proposal.

In the related post in the governance forum, the responsibilities of TNL (now ENS Labs) were set out. Visit the governance forum to view the discussion on the proposal.

The streaming contract can be found here.

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