Celo has announced the merger of the Celo Foundation and cLabs into a unified entity, provisionally named Celo Core Co. This strategic move is designed to streamline operations and boost the development of the Celo platform by 2026, aligning more closely with market needs. In addition, Celo is preparing to unveil an upgrade to its CELO token economics. The forthcoming details are expected to include a potential buyback and burn mechanism, which could impact the token's market dynamics.