In a significant development for the blockchain industry, L2 network Mode has received a substantial boost from the Optimism Foundation. The foundation has awarded Mode a grant of 2 million OP tokens, valued at approximately $5.3 million. This funding is set to play a crucial role in supporting the network’s user growth initiatives.
Mode’s strategy involves allocating a portion of its sequencer revenue to the Optimism Collective. This move underscores its commitment to the larger blockchain ecosystem and collaborative development. Joining the Law of Chains, Mode is set to make meaningful contributions to this collaborative effort.
Furthermore, the network is focusing its efforts on the development of open-source tools within the superchain ecosystem. Key areas of development include the introduction of native yield mechanisms, smart vaults, and on-chain artificial intelligence agents. These advancements are expected to enhance the network’s capabilities significantly.
In addition to these initiatives, Mode has ambitious plans to launch its mainnet by the end of January. This launch is eagerly anticipated, as it represents a significant milestone in the network’s development and its potential impact on the blockchain sector.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
