PANews reported on August 9 that Hyperlane, a cross-chain application building platform, announced the establishment of the Hyperlane Foundation to manage and expand its network. The foundation also launched the token HYPE, which aims to build alliances among active users of the Hyperlane network and promote developers to own the network. The Hyperlane Foundation will launch the Hyperlane Alliance to represent the interests of users and developers and oversee a funding program to recognize users who have made important contributions to the network.
