Golem Execs Depart to Pursue 'Riskier' Research With New Non-Profit

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Executives from multi-million dollar startup Golem Factory are launching a new non-profit initiative called the Golem Foundation to pursue more ambitious research and development opportunities.

As stated in a June 28 blog post by Julian Zawistowski, CEO of the Golem Factory, the aim of the Foundation is to "Strive for new - perhaps innovative and experimental, and at the same time riskier - approaches to the value proposition for Golem and for the Golem Network Token."

"After several years working together, we came to the realization that in order to keep the research and development of the Golem Network stable and focused, while not relegating the thirst that any technologist has for constant innovation, spinning off a new entity within Golem's ecosystem is the best way to boost the efforts."

Golem went live on ethereum mainnet early last year with a product beta release dubbed Brass Golem.

Now, the team at Golem Factory is looking ahead to the next beta release, Clay Golem, in the fall.

As the team at Golem Factory continues to pursue this technical roadmap for the Golem project, the Golem Foundation, headed by Zawistowski and Regulski, is expected to operate independently and pursue different team objectives.

"In the beginning, we want to start with thorough research of alternative approaches that contribute to the long-term vision behind Golem and create novel and out-of-the-box solutions useful for Golem and GNT," said Zawistowski to CoinDesk.

For now, there are no firm details about the areas of focus for research and development from the Golem Foundation team.

"The new structure of the Golem Factory will be announced shortly - we are taking our time on this, because our core focus now is delivering our next [Golem] version with two new use-casesin the upcoming weeks," said head of communications for the Golem Factory, María Paula Fernandez, in a message to CoinDesk.

"From now on, our liabilities towards the community will be fulfilled in parallel by Golem Factory and Golem Foundation," noted Zawistowski.