Lava Network launches public mainnet and airdrops 55 million tokens | Headlines | News | CoinMarketCap

07/31/2024 00:49
Lava Network launches public mainnet and airdrops 55 million tokens | Headlines | News | CoinMarketCap

Filecoin Network, Starknet Foundation and Cosmos Hub are supporting modular blockchain startup Lava Network’s phased mainnet launch and airdrop of 55 …

Filecoin Network, Starknet Foundation and Cosmos Hub are supporting modular blockchain startup Lava Network’s phased mainnet launch and airdrop of 55 million LAVA tokens. This follows support from other projects, including Axelar and NEAR. 

Founded in 2022, Lava is a modular blockchain that provides data access — i.e., retrieving and sending blockchain data — for other projects through remote procedure calls (RPCs). The project is not dissimilar to the much-hyped Celestia network, which focuses more on “data availability.”

Blockchain node operators are incentivized to join Lava and provide RPC services through rewards pools, which are distributed based on how many users are served and qualitative measures like speed, uptime and accuracy. The project announced it will launch with $2 …

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