In Brief:
- The Automata network announced the launch of its mainnet.
- It is accompanied by a $20 million Ecosystem Incentive Program.
- The program received funding from the Web3 Foundation, Berkeley Blockchain Xcelerator, and Web 3.0 Bootcamp.
Automata Network announced the official launch of its mainnet as well as $20 million Ecosystem Incentive Program. The mainnet launch is the result of three years of collaboration with industry leaders.
The leading decentralized service protocol, Automata Network, enables dApps on Ethereum and Polkadot to achieve privacy, assurance, and frictionless computation.
Automata received support from the Web3 Foundation grant, Berkeley Blockchain Xcelerator, and Web 3.0 Bootcamp via an invite-only program. The other investors were IOSG Ventures, Divergence Ventures, Alameda Research, KR1, Jump Trading, and GBV Capital.
The Automata Ecosystem Incentive program’s main goal is to supplement Web 3.0’s privacy ideologies by highlighting key products and use cases that connect to its ecosystem.
Automata Network Co-Founder, Deli Gong, stated that, “In a way to be expected, crypto has shaped and incentivized finance around the strength of communities, but for this human coordination to scale, privacy is sorely needed. With the rollout of our Mainnet and the launch of the Automata Ecosystem Incentive Program, we’re proud to support DeFi with the privacy it so deserves to truly bring it into the Web 3.0 layer.”
The Automata network aims to collaborate with projects to reach goals such as marketing outreach, milestone funding, and technical monitoring.
Long-term goals will include developing business models, new solutions, and applications to aid in the interconnection of DeFi and privacy-focused products.
Just last week, privacy-centric blockchain Findora launched a $100 million ecosystem fund. It will be used for research, the development of new applications, and upgrading the infrastructure of the platform.
