ChainCatcher news, Web3 data storage solution KYVE mainnet is now online, and another innovative solution based on Cosmos SDK is proposed to enhance the developer experience, with the goal of making data a trustless public product. The KYVE blockchain is divided into two layers: the chain layer and the protocol layer. The chain layer is the backbone of KYVE, protecting the network through DPoS, governing and maintaining the overall structure. The protocol layer acts as a decentralized data pool, and protocol nodes can participate in acquiring, storing, and verifying data.

On March 21, the KYVE governance proposal to support inflation will be passed, ensuring that the KYVE mainnet is more fully functional and secure. The next step is to launch the KYVE token. At the same time, the KYVE data pipeline has also been launched. It will take 6-8 weeks for the first data pool to be launched on the testnet and mainnet. During this period, the data pipeline will continue to extract data from the data pool of the KYVE development network Korellia.

According to the encrypted data platform RootData, KYVE completed a $9 million financing in June 2022 with a valuation of $100 million, with investments from IOSG Ventures, Distributed Global, M-Ventures, etc. The tasks for the first and second quarters of 2023 include audits, Oracle Beta, Genesis Validator program and mainnet launch (end of the first quarter), and the tasks for the third and fourth quarters include donation plans, funding plans, Web App V3, KYVE 2.0, etc. (Source link)