PANews reported on March 12 that the Layer 1 Foundation (L1F), a foundation led by BRC-20 developer domo, announced the organization of a new BRC20 governance structure, including the appointment of several BRC20 index institutions as collaborators. Hiro, ALEXLabBTC, OylDynamics, Allium Labs , UTXO Management will participate in this work, including UniSat and BestinSlot being appointed as the future co-main maintainers of the BRC20 protocol. L1F said it sets standards for governance resolutions and procedures developed by BRC20 and requires these indexing bodies and BRC20 stakeholders to publicly commit to upholding these principles. In addition to supporting BRC20, L1F aims to provide public tools, educational resources, and open forums to open source developers building various meta-protocols on Bitcoin. "We want to enable a decentralized economy on Bitcoin and will support this vision through non-profit advocacy for open source development and education in this space," the organization said.