Ethereum developer Danny Ryan joins Etherealize as co-founder

Longtime Ethereum ( $2,268.72 ) (ETH) developer Danny Ryan recently announced he is joining Etherealize — an organization responsible for marketing the Ethereum ( $2,268.72 ) ecosystem to institutional investors — as a co-founder alongside Vivek Raman.

Ryan said he would complement Raman’s focus on bridging the real world to Ethereum ( $2,268.72 ) by bridging Ethereum ( $2,268.72 ) back to the real world. The developer added:

“This sits at the confluence of real adoption, commonsense regulation, ecosystem development, and critical R&D across L1, L2, and the application layer. We plan to become an active player across the Ethereum ( $2,268.72 ) sphere.”

The announcement came amid sweeping leadership changes at the Ethereum ( $2,268.72 ) Foundation — a separate entity that guides the development of the Ethereum ( $2,268.72 ) consensus layer and ecosystem — and investor fears due to Ethereum ( $2,268.72 ) ’s poor price action.

Related: Danny Ryan’s return? Ethereum ( $2,268.72 ) wallets say yes

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Ethereum ( $2,268.72 ) Foundation overhauls amid declining investor sentiment

Buterin announced sole authority over the Ethereum ( $2,268.72 ) Foundation’s leadership in January 2025 and rebuked the online community for their aggression toward Ethereum ( $2,268.72 ) Foundation personnel.

“If you ‘keep the pressure on’, then you are creating an environment that is actively toxic to top talent,” Buterin wrote in a January 21 X post.

As part of the administrative overhaul, the Foundation spun off new organizations tasked with managing and promoting various aspects of the Ethereum ( $2,268.72 ) ecosystem.

Etherealize will educate institutional investors, including Wall Street firms, hedge funds, and asset managers, about Ethereum ( $2,268.72 ) and act as a marketing arm for the world’s largest smart contract ecosystem.

Following the announcement of the Etherealize marketing arm, the Ethereum ( $2,268.72 ) Foundation launched the Silviculture Society — an advisory group tasked with upholding Ethereum ( $2,268.72 ) ’s core values of open-source development, privacy, security, decentralization, and censorship resistance.

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The group consists of individuals outside the Ethereum ( $2,268.72 ) Foundation and will advise the non-profit organization in an informal capacity.

At the time of this writing, the Silviculture Society has 15 members. However, it is unclear if the council will grow over time.

Ethereum ( $2,268.72 ) has struggled to reclaim its previous all-time high of around $4,800 set in 2021, causing a collapse in confidence among investors, who have petitioned Vitalik Buterin to steer Ethereum ( $2,268.72 ) in a new direction.

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