StarkNet Foundation Announces Its Official Launch

The StarkNet Foundation announced its official launch, which aims to provide an independent community structure for supporting the StarkNet project.

The foundation said it will foster research, development, and extension of the StarkNet network and supporting technology, promote use and adoption of the StarkNet network, and fuel StarkNet community participation and project governance.

A StarkNet token has been created to reward StarkNet developers and operators for the work they perform to maintain and advance the network. The Foundation holds 50.1% of the initial minting of 10 billion tokens, the allocation of which will be managed by the Foundation. The remaining tokens are subject to a four-year lockup and are owned by existing StarkNet core contributors and investors.