The Pharos Foundation has been officially established and will manage the RealFi and open finance ecosystem on the Pharos Network.
TL;DR
The Pharos Foundation, a non-profit, now manages the RealFi and Open Finance ecosystem on the Pharos Network, a Layer 1 platform for inclusive finance. It focuses on ecosystem support, tech development, governance, and education, aiming for a 2026 TGE and mainnet launch.
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Odaily Odaily that the Pharos Foundation officially launched today as a non-profit entity to manage the RealFi and Open Finance ecosystem on the Pharos Network. Positioned as a Layer 1 platform focused on inclusive finance and real value, the Pharos Network represents a significant step towards its TGE and mainnet launch in early 2026. The Pharos Foundation will drive the sustainable and trustworthy development of the RealFi ecosystem through four core areas: ecosystem support, technology development, governance transparency, and education.