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Celo Foundation and cLabs officially merge, with the new organization Celo Core Co. accelerating platform delivery by 2026
【Crypto World】Celo officially announces a major organizational restructuring—Celo Foundation and cLabs are formally integrated into a unified core contribution organization, tentatively named Celo Core Co.
There is a clear goal behind this reorganization: to accelerate the delivery schedule of the CELO platform by 2026, ensuring that ecosystem development better aligns with market demand. From an external perspective, this can be seen as a strategic adjustment by Celo to adapt to the rapidly changing Web3 competitive environment.
What is even more noteworthy is the subsequent action. The official revealed that details regarding the upgrade of the CELO token economics will be announced soon, involving potential buyback and burn mechanisms. Such measures typically impact the long-term supply dynamics of the token, and market participants should pay attention to the implementation timeline and details of the specific plan.