Golem Factory’s managers are unveiling an innovative non-profit-making enterprise known as the Golem Foundation, to chase more tasking research and expansion opportunities.

Golem Cryptocurrency News 

CEO of the Golem Factory – Julian Zawistowski, revealed in a recent blog post that the goal of the unveiled Foundation is to go all-out for innovative and experimental, tactics to provide value for Golem and for the Golem Network Token (GNT). Alongside Zawistowski, his colleague Andrzej Regulski, who was Chief Operations Officer to the company, will be resigning from his position and passing the wheels to the company to Piotr Janiuk -Chief Technical Officer and principal software engineer Aleksandra Skrzypczak.

Skrzypczak  revealed that taking into account more than a few years working together, the group came to the realization that in order to keep the research and development of the Golem Network steady and centered, while not downgrading the drive that any technologist has for continuous improvement, turning out a fresh unit contained by Golem’s ecosystem is the best way to enhance the attempts. The Golem development is basically a substitute to existing cloud computing networks where a user can buy or rent out idle computational resources.

Golem Network

Golem was deployed on Ethereum mainnet within the first 3 months of 2018 with a product beta release named Brass Golem. Presently, the team at Golem Factory is gearing up for the next beta release, dubbed Clay Golem, in the fall. Furthermore, developers are also creating “Golem Unlimited” which will aid the making of sub-networks on Golem, managed by data centre-like systems in order to increase network reach. As the Golem Factory team keeps pursuing this practical path for the Golem project, the Golem Foundation, led by Zawistowski and Regulski, is required to function independently and chase different team purposes.

Zawistowski told reporters that In the beginning, the foundation is looking to start with in-depth research of alternate methods that play a role in the long-term dream behind Golem and make original and ingenious solutions useful for Golem and GNT, adding that dealing with these choices necessitates a limited period of time working in a semi-stealth mode. Presently, there are no strong specifics about the areas of focus for research and development from the Golem Foundation team.

Nevertheless, Skrzypczak confirmed that privacy-based devices are a vital part of Foundation plans, which will be disclosed to the broader community in due time. Whether other entities either from the Golem Factory or outside of the company will join Zawistowski and Regulski in pursuing more ambitious research and development strategies at the Foundation remains to be seen.

Head of communications for the Golem Factory, María Paula Fernandez, in a news brief, mentioned that the new composition of the Golem Factory will be announced in a short while. She revealed that the firm taking its time, because their main focus now is delivering their next Golem version with two new use-cases. Still, in conditions of funding for the Foundation, Zawistowski’s address makes it clear that the Foundation has been gifted with a percentage of the original capital raised in Golem’s crowdfunding.

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