StarkWare has introduced the StarkNet Token and Foundation to enhance further decentralization within their ecosystem.

 StarkWare has officially announced the introduction of the long-awaited StarkNet Token and Foundation on July 13th. The initial release involves the minting of 10 billion StarkNet Tokens, set to be accessible to the community in September this year. Additionally, StarkWare is actively developing a layer 3 scaling solution, commonly referred to as hyper scaling. This innovative solution aims to further reduce costs and mitigate the impact of gas fees on the DeFi sector, marking a significant milestone for StarkWare.

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