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Automata Network Launches Mainnet and $20M Ecosystem Incentive Program -Breaking

by Mike Robinson

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Automata Network launches Mainnet and $20M Ecosystem Incentive Program
  • Automata Network will launch its mainnet.
  • It also includes the $20 million Ecosystem Incentive Program.
  • This brand continues to work its way up its roadmap.

Automata Network is happy to announce the launch its mainnet. This launch includes an Ecosystem Incentive program worth $20 Million. Three years of collaboration with industry leaders resulted in the launch of the mainnet.

Specifically contributions were made through invite-only programs such as the Berkeley Blockchain Xcelerator and the Web 3.0 Bootcamp. This project was also supported by investors. Over $3.4 million was contributed by a distinguished group of investors. Alameda Research and Divergence Ventures are just a few of the notable investors.

Automata Network’s Co-Founder, John, says that,

As is to be expected crypto has incentivized and shaped finance around the strengths of communities. However, for that human coordination to work, privacy is crucial. 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.

It aims at advancing Web3.0’s privacy-first ideology through the Automata Ecosystem Incentive Program. It will specifically highlight and elevate the key products and use case that are connected to Automata.

The brand’s long-term goal is to have a full range of new solutions, business models, and applications to cater to the interconnecting space of DeFi and privacy. Automata Network will partner with future milestone-supporting projects when the opportunity arises. This includes technical monitoring and milestone funding.

Above all, the firm’s privacy-focused product suite will solve rising critical issues that prevail due to blockchain’s inherent transparency. Thus, the mainnet launch is an imperative step in Automata Network’s roadmap. The network will continue to expand and users will soon have more options.

These include the onboarding of the Automata-developed middleware, the external integrations of community-maintained nosdes and the upgrade to the Nominated Proof of-Stake consensus. These will be completed before the network switches to decentralized governance.

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