The StarkWare Foundation has been officially established and will hold 50.1% of the StarkNet Token

ChainCatcher news, Ethereum Layer 2 development company StarkWare has officially announced the establishment of the StarkWare Foundation, aimed at realizing the decentralized vision of StarkNet. The foundation will be managed by a seven-member board.

The StarkWare Foundation launches with an initial token supply of 50.1% to ensure the effective deployment of network resources to achieve the following goals: maintenance and security of StarkNet; continuous development and expansion of the network; and fostering a culture of constructive collaboration among developers.

The foundation's priorities include: cultivating a community of StarkNet users, developers, and researchers; expanding the community by promoting StarkNet and its technology; overseeing the ongoing development of the network and advancing research; developing StarkNet governance mechanisms and establishing decentralized ordering and proof. (source link)