Pharos Network launches public testnet

On May 16th, Pharos Network, a new generation of Layer 1 public chain focused on the Real World Assets (RWA) track, announced the official launch of its public testnet (Testnet). Pharos Network focuses on institutional-level RWA application scenarios and enterprise-level decentralized financial needs, and is committed to building a leading modular infrastructure to solve the pain points and difficulties of traditional institutions entering Web3, create an efficient and low-cost payment network, and promote the large-scale deployment of decentralized applications and the expansion of tokenized asset scenarios.