StarkNet(STRK) Foundation is officially launched

The StarkNet Foundation is now officially launched and dedicated to empowering the community.

By forming the StarkNet Foundation, StarkNet has taken an important step towards its future community governance.

The Foundation launches with 50.1% of the initial Token supply to ensure the network's resources are effectively deployed towards the following goals: the maintenance and security of StarkNet as a public good; the continued development and expansion of the network; and support for a culture of constructive collaboration between developers.

About StarkNet

StarkNet is taking a major step towards its future community governance structure, with the establishment of the StarkNet Foundation.

StarkNet is a permissionless, decentralized Layer 2 (L2) Validity Rollup (often referred to as ZK-Rollup), intended to scale Ethereum while retaining Ethereum's security and decentralization. In keeping with that mission, the Foundation was established as an independent entity to advance the shared technology that is StarkNet. Additionally, as a not-for-profit entity with a narrow mission: to advance StarkNet as a public good for all, and maintain it as such for years to come.

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