Ethereum Name Service Selects Karpatkey DAO to Manage Its Endowment Fund

The goal of the endowment fund, called ENS Endaoment, is to create a sustainable fund that can fuel continuous development regardless of macroeconomics conditions that may adversely affect revenue stemming from ENS registrations and renewals. Talks of the ENS Endaoment were happening as early as March before the crises related to Terra, Three Arrows Capital, Celsius Network and FTX, according to Nicholas Johnson, one of three directors for the ENS Foundation, and Mona El Isa, CEO and founder of Avantgarde, one of the potential fund managers up for consideration.