According to BlockBeats, Stacks established the Asia Foundation yesterday, which will receive an initial grant of US$15 million. The Foundation is committed to establishing mutually beneficial relationships in markets such as South Korea, Hong Kong, Singapore, Japan, Southeast Asia, and the UAE.
Focus includes strategic partnerships and programs to support local builders, ensuring liquidity and accessibility of key ecosystem assets, and supporting key Stacks ecosystem teams to drive TVL, regional awareness, and user growth for the Stacks layer.
It is reported that Stacks will perform a hard fork at block height 861500 to activate the Nakamoto upgrade, and the transaction speed will be increased from 10-30 minutes to 5-10 seconds.
