Mudano says he plans to reduce his team’s operational control over the product as it grows by establishing a foundation, similar to the Ethereum foundation that supports the network by distributing funds to development projects
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Exclusive: Bitcoin infrastructure company Arch Labs raises $13 million from Pantera Capital to launch Arch Virtual Machine
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Matt Mudano, CEO of Arch Labs, stated that the company intends to gradually step back from direct control of ArchVM by establishing a foundation to support and guide the growth of its ecosystem
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