Cross-chain Settlement Layer Union Establishes Foundation, Will Release Token Economic Model

Union, a cross-chain settlement layer, announced the launch of the Union Foundation, an independent organization dedicated to building a more secure, decentralized, and interoperable Web3. Its core focus is to fund initiatives that support the Union network and incentivize its growth through maintenance, continuous development, and decentralized application (dApp) creation, including a grant program and a Union Fellowship program. The Union Foundation announced the upcoming release of a token economy model, as well as the launch of the Union mainnet.