Joint Statement by NEM Foundation and NEM Labs
After careful consideration, NEM Foundation and NEM Labs would like to affirm the below statements:
1. Proposals are both complementary in nature
Both parties jointly acknowledge that the proposals put forth to the community are complementary in nature. The proposals can be accomplished in such a way that it improves the outcomes that are being sought after – the development, launch and adoption of Catapult.
2. Principles of co-operation collaboration
Both parties will work as independent contributors to the ecosystem but in a unified approach. This means that if both proposals are approved, the main commitment is to contribute to the Project Management Committee (PMC). As an additional measure, there will be regular joint strategic meetings in working towards full alignment across both entities to prevent ineffective use of resources. In fact, the execution of each party’s proposal will lead to an enhancement of each other’s effort through the principles of cooperation and collaboration.
3. Pursuit of Catapult
Both parties have their own scope, though we will be working towards the same objective – a promise to the community that our mission-critical priority is in the launch of Catapult. Both NEM Foundation and NEM Labs will work together to accomplish this as part of the same ecosystem.
The past days have shown that the NEM community demands purpose driven entities that can deliver results in a cost-effective way. Both NEM Foundation and NEM Labs have different scopes that complement each other. The reality is that the adoption of NEM is not the work of a single entity. Proven ecosystems all consist of multiple purpose driven entities that solve specific problems. We are convinced of a future where independent entities like NEM Foundation and NEM Labs solve specific problems for the NEM ecosystem in a unified approach.
We appreciate that the community review the proposals and vote in an informed manner:
Link to NEM Foundation proposal:
Link to NEM Labs proposal: