ENS DAO approves foundation overhaul with five-seat board

ENS DAO has approved and executed a governance proposal that turns the ENS Foundation into a full-time operating body with a five-seat board, a professional staff, and control over a roughly $65 million endowment. Summary ENS said the “Next Era of ENS DAO” proposal has completed on-chain execution after receiving tokenholder approval. Five voting directors will oversee the foundation, including three independent members. A one-time transfer of 1 million ENS tokens will fund employee compensation under restricted terms. ENS tokenholders retain control over protocol upgrades, fees, DAO-held tokens, and board appointments. ENS Foundation takes over daily operations According to an official ENS announcement, the approved structure gives the foundation the staff and legal standing needed to handle work that cannot be managed easily through on-chain votes alone. ENS has operated for almost a decade as a naming system built on Ethereum. Its domains replace long blockchain addresses with names such as “alice.eth,” while also supporting website records, profiles, and other identity data. Millions of ENS names have been registered, and the protocol has gained support from wallets, applicatio...