According to the Daily Planet, Layer 1 blockchain network Radix recently announced that RCnet V3 is officially launched, which is the last major test network version before the Babylon mainnet upgrade. Starting from this version, developers can build and test. In July 2021, Radix launched the Olympia mainnet, which only allows users to create, transfer and stake tokens on the network. The Babylon mainnet is the final version of the Radix technology stack, allowing developers to build smart contracts and applications on it. In March of this year, Radix announced that it had completed a $10 million financing at a valuation of $400 million. This round of financing was carried out in the form of token financing. Radix CEO Piers Ridyard said that this round of financing was fully supported by DWF Labs.