In a recent development, the launch of the Starknet Foundation has been announced. The Foundation is an independent organization that aims to achieve Starknet’s vision of a decentralized and permissionless Layer 2 (L2) Validity Rollup, also known as ZK-Rollup. With a well-established interdisciplinary board, the Starknet Foundation is in a strong position to lead the growth and expansion of the Starknet community, oversee network development, create governance mechanisms, and achieve full decentralization of the Starknet ecosystem.
The Starknet Foundation has just announced the formation of five committees, each with a specific mandate aligned with Starknet’s mission and priorities. While each committee’s mandate will be regularly evaluated and adjusted as necessary, we have more details on their initial operations and members.
The Provisions Committee is responsible for the planning, execution, and oversight of the provision of the Starknet ecosystem token (STRK). The Provisions Committee will ensure a fair and transparent distribution of STRK tokens to users required to pay fees for using the Starknet. They will assess and make recommendations to the Starknet Foundation for qualifying groups based on the objectives of fairness, transparency, and decentralization.
The Early Adopter Grants Committee will provide grants to innovative teams building on-chain applications on Starknet to foster the growth of the ecosystem. They will soon set out criteria for their first round of applications that will retroactively focus on teams that have already begun building on Starknet. Transparency is a top priority for the committee, and all grant sums will be made public.
The Developer Partnerships Committee plays a vital role in fostering and overseeing new strategic developer partnerships to be brought into the Starknet ecosystem. They will streamline the submission process for developer partnerships, conduct thorough due diligence, and approve submitted proposals.
The Governance Committee is tasked with executing the initial phases of Starknet governance, with a focus on decentralization and community participation. They will define resolutions to be voted on and approved by the Starknet community and establish due process for the discussion and implementation of governance votes. The committee has already launched the first phase of Starknet’s governance and will work to maintain a transparent, fair, and decentralized structure that fosters community involvement and ensures continued growth.
The Ecosystem Onboarding Committee is responsible for empowering and integrating new developers and community members into the Starknet ecosystem. They will identify and support Starknet ambassadors, award grants to ecosystem contributors and talent pools, and organize and sponsor events and educational partnerships that further the community’s participation in Starknet’s ecosystem.
With the formation of these committees, the Starknet Foundation is excited about the future and its potential for growth. Each committee is committed to furthering a specific aspect of the ecosystem and will work together to achieve the overall goal of a decentralized and thriving Starknet community.
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This article was republished from azcoinnews.com
