Cosmos Developer Incentive Protocol Archway Launches Mainnet
2023-07-03 13:18
Odaily News: Archway, the Cosmos ecosystem developer incentive protocol developed by Phi Labs, has officially launched its mainnet. 25% of the tokens will be allocated to application developers, while 75% will be allocated to validators.
According to previous reports, in March 2022, Phi Labs, the developer of Archway, completed a $21 million seed funding round with CoinFund and Hashed as lead investors. Other participants in the funding round include 1confirmation, IDEO CoLab, Figment, Blockchain Capital, Wintermute, Chorus One, stake.fish, Lemniscap, Cosmostation, and Hypersphere Ventures.
Archway, developed by Phi Labs, is a Cosmos-based protocol that incentivizes developers through smart contracts. The protocol provides developers with tools to quickly build and launch scalable cross-chain DApps, and rewards them for their contributions to the network. (Source: The Block)
According to previous reports, in March 2022, Phi Labs, the developer of Archway, completed a $21 million seed funding round with CoinFund and Hashed as lead investors. Other participants in the funding round include 1confirmation, IDEO CoLab, Figment, Blockchain Capital, Wintermute, Chorus One, stake.fish, Lemniscap, Cosmostation, and Hypersphere Ventures.
Archway, developed by Phi Labs, is a Cosmos-based protocol that incentivizes developers through smart contracts. The protocol provides developers with tools to quickly build and launch scalable cross-chain DApps, and rewards them for their contributions to the network. (Source: The Block)
Recommended Articles
