According to CoinMeta, ENS DAO has approved and implemented a governance proposal to transform the ENS foundation into a full-time operating entity, establishing a five-person board of directors and a professional team to manage a donation fund of approximately $65 million. According to the official announcement, the new structure grants the foundation the necessary staff and legal status to handle tasks that cannot be easily managed through on-chain voting. ENS has been operating as an Ethereum-based naming system for nearly a decade, registering millions of ENS names and supporting website records, personal profiles, and other identity data. The new proposal establishes the ENS foundation as the legal and operational entity, with executive directors responsible for daily operations and management.