Everscale Foundation Officially Launches
– The Everscale Foundation has been officially registered as a non-profit organization to facilitate the growth of the Everscale network’s ecosystem, attract new developers, and further expand the international community. The Foundation’s mission is to remove barriers between Everscale and the external world.
Back in late 2021, the Everscale community supported a DAO initiative to create a representation of the network in the real world. By the end of August this year, all the necessary registration procedures had been completed, and the non-profit Everscale Foundation has now officially launched in Zug, Switzerland – the gold standard location for international NPOs.
Even though the Everscale Foundation is being appointed to perform a wide spectrum of critical duties, it will not become the centralized governance system for the Everscale network. As it is distributed by its nature, Everscale has many passionate and supportive individuals and institutions forming alliances and unions to boost the network’s growth, and the Foundation is only one of these.
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