Lava Network’s Public Mainnet Is Live, Backed by Filecoin (FIL), Starknet Foundation and Cosmos Hub (ATOM)

Modular infrastructure platform Lava Network announced the launch of its public mainnet on July 30, an event that was supported by several top projects in the crypto industry.

According to a press release shared with Cointelegraph, Filecoin (FIL), Starknet Foundation and Cosmos Hub (ATOM) joined the phased public mainnet launch. Other projects that have backed Lava Network include Evmos, Axelar, and Stargaze.

Lava is an incentive layer platform that enables developers to bootstrap key infrastructure. Using Lava, ecosystems can create incentive pools and attract top infrastructure providers, such as Google Cloud, which operates as an RPC provider.

Any chain can offer an incentive pool via Lava, scaling and optimizing it to suit their goals through remote procedure call (RPC) node operators. The team highlighted in a press release that the project’s testnet saw over 40 billion RPC requests processed.

“Lava Network’s incentive pools are decentralizing the NEAR RPC layer by creating a competitive market and bringing more providers. This has improved the experience for NEAR app developers and users,” said Illia Polosukhin, Co-Founder of NEAR Protocol.

According to Polosukhin, NEAR plans to leverage Lava Network further to expand with chain abstraction.

Lava’s mainnet launch will also introduce the native $LAVA token to the market. According to the announcement, Lava has secured a $2 million incentive pool from the mainnet partner chains. Lava will also airdrop 55 million $LAVA tokens to the community, following an initial high float and capped supply.

“By going with this radically unique approach, the Lava Foundation is encouraging engagement and supporting decentralization,” said Amir Aaronson, head of the Lava Foundation.

Lava Network will support staking for $LAVA holders.