Ecological Development

Kaspa Ecological Foundation Launches $10 Million Katalyst Phase One Ecological Development Plan

ChainCatcher news, the Kaspa Ecosystem Foundation has announced the launch of the Katalyst Phase 1 ecological development plan with a total amount of $10 million. This plan aims to comprehensively promote the prosperity of the Kaspa ecosystem, covering various areas such as funding support, infrastructure construction, and education for users and developers.The Katalyst plan is divided into four strategic phases: sowing, germination, growth, and harvest. The first phase will kick off with the launch of the KRC20 protocol based on Kasplex on the mainnet on September 15.It is reported that Kasplex, as the infrastructure of Kaspa, aims to enable developers, artists, and influencers to easily launch projects on Kaspa. The Kaspa ecological protocol KRC20 allows users to issue, deploy, mint, and transfer fungible tokens on Kaspa.Previously, during a three-month internal testing and stress testing period, the KRC20 protocol successfully processed 90 million transactions. Among the successfully deployed projects, Meme accounts for the majority, including the early core founding researcher’s cat NACHO, among others. Other Kaspa ecological projects can also utilize KRC20 as a way to issue assets on their own chains, experiencing the performance advantages of Kaspa's fast network speed and low transaction fees.
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