Starknet

Filecoin

Foundation

Cosmos

Cloud

The public mainnet of modular infrastructure platform Lava Network is live, having launched on July 30 with support from some of the industry’s top players and projects.
Lava Network announced that Filecoin (<a href="https://crypto.news/price/filecoin/" rel="noopener noreferrer nofollow">FIL</a>), Starknet Foundation and Cosmos Hub (<a href="https://crypto.news/price/cosmos-hub/" rel="noopener noreferrer nofollow">ATOM</a>) had all joined the phased public mainnet launch. Other projects that have also backed Lava Network are Evmos, Axelar, and Stargaze.
<h2 class="wp-block-heading" id="lava-is-an-incentive-layer-platform">Lava is an incentive layer platform</h2>
The Lava Network is a protocol designed as an incentive layer that developers can leverage to bootstrap key infrastructure. Using Lava, ecosystems can create incentive pools and attract top infrastructure providers. Meanwhile, companies such as <a href="https://crypto.news/google-joins-forces-with-tezos-for-web3-solutions-development/" rel="noopener noreferrer nofollow">Google Cloud</a> operate as RPC providers.
Any chain offers an incentive pool via Lava, scaling and optimizing it to suit their goals through remote procedure call (RPC) node operators. The team highlighted in a press release that the project’s testnet saw over 40 billion RPC requests processed.
“Lava Network’s incentive pools are decentralizing the NEAR RPC layer by creating a competitive market and bringing more providers. This has improved the experience for NEAR app developers and users,” Illia Polosukhin, Co-Founder of NEAR Protocol, said.
NEAR plans to leverage Lava Network more to expand with chain abstraction, Polosukhin noted.
You might also like: <a href="https://crypto.news/lava-network-founder-discusses-rpc-protocols-and-current-challenges/" rel="noopener noreferrer nofollow"> Lava network founder discusses RPC protocols and current challenges </a>
<h2 class="wp-block-heading" id="lava-token-launch-and-airdrop">$LAVA token launch and airdrop</h2>
Lava’s mainnet launch aims to bring into the market the native $LAVA token to further this incentive layer’s growth. Lava has outlined a $2 million incentive pool from the mainnet partner chains. Lava will also airdrop 55 million $LAVA tokens to the community, with this coming after an initial high float and capped supply.
“By going with this radically unique approach, the Lava Foundation is encouraging engagement and supporting decentralization,” Amir Aaronson, head of the Lava Foundation, said. Lava Network will support staking for its $LAVA holders.
You might also like: <a href="https://crypto.news/catizen-token-price-rises-in-pre-market-ahead-of-airdrop/" rel="noopener noreferrer nofollow"> Catizen token price rises in pre-market ahead of airdrop </a>

Lava Network launches public mainnet with Filecoin, Starknet, Cosmos support

Table of Contents

crypto.news

Other articles published on Jul 30, 2024

Market Jitters: $2 Billion Bitcoin Transfer By US Gov’t Raises Eyebrows

Bitcoin Faces a Rapid Price Drop

Important Considerations for Listing Your Token on Cryptocurrency Exchanges

Just-In: Tron’s Justin Sun Hints At Major Ethereum Selloff Amid ETF Outflows

Trump’s Support Boosts Bitcoin Price to $70,000

Ferrari to Extend Cryptocurrency Payments to Europe by July End

Join our free newsletter for daily crypto updates!