StarkWare and the Starknet Foundation have announced the launch of a pilot program called "Devonomics" that aims to distribute a portion of network fees to developers. As part of the program, 8% of the fees will go to decentralized app builders, while 2% will be allocated to infrastructure engineers and core developers. The distribution will be determined through a transparent and open voting process. The program will start with an initial distribution of transaction fees earned from the platform's launch until November 30, 2023, which is estimated to be around 1,600 ETH (approximately $3.58 million). The initiative is expected to have a positive impact on the Ethereum ecosystem and help developers overcome the challenges of the cryptocurrency bear market. The distribution will initially be in ETH and will later transition to the Starknet governance token, STRK. This program comes as the number of developers on the Starknet platform has increased, attributed to improvements made to its native Cairo programming language. StarkWare aims to have the largest number of developers in the Ethereum ecosystem and promote the expansion of the Starknet ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news