ETHGas, a project focused on Ethereum block space derivatives, has announced the launch of its governance token, GWEI. This token will serve as a governance tool for the protocol, supporting its mechanism for a "real-time, gas-free Ethereum." ETHGas aims to structure Ethereum block space into a tradable asset, enhancing predictability in execution and cost management for applications and institutions. The project plans to achieve this through block space commitments, pre-confirmations, and real-time settlements.