Kaspa Ecosystem Foundation Launches $10 Million Katalyst Initiative for Ecosystem Growth

The Kaspa Ecosystem Foundation has announced the launch of the Katalyst Phase 1 initiative, a $10 million program dedicated to fostering the growth of the Kaspa ecosystem. This comprehensive plan encompasses funding support, infrastructure development, user and developer education, and more.

Katalyst is divided into four strategic phases: Seed, Sprout, Grow, and Outcome. The initial phase, commencing on September 15th, will be marked by the launch of the KRC20 protocol, built upon Kasplex, on the Kaspa mainnet.

Kasplex, serving as Kaspa's infrastructure, empowers developers, artists, and influencers to effortlessly launch projects on Kaspa. The KRC20 protocol, a Kaspa ecosystem agreement, enables users to issue, deploy, mint, and transfer fungible tokens on the Kaspa network.

Following three months of internal testing and stress testing, the KRC20 protocol has successfully processed over 90 million transactions. While meme projects, like the early core research team's cat NACHO, dominate the current deployment landscape, other projects within the Kaspa ecosystem can leverage KRC20 to release their on-chain assets, benefiting from Kaspa's rapid network speed and low transaction fees.