[Ink Foundation, GSR, and Other Institutions Jointly Establish Charter Foundation to Help Crypto Founders Reduce Token Issuance Costs] According to The Block, Ink Foundation, GSR, and several legal and auditing firms have jointly launched the Charter Foundation to provide crypto founders with a shared legal framework to reduce token issuance costs. Charter claims that this framework, by setting up an independent Cayman Islands company for each project, can cut initial token issuance costs by more than half. Partners include GSR, law firms Carey Olsen, Cooley, and auditing firms ChainSecurity and Zellic. Founders typically need to build a structure from scratch involving three companies (a lab company, a Cayman foundation, and a BVI issuance subsidiary). Combined with independent director fees, pre-token generation event costs can exceed $100,000.