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Whitechain relaunches as a Layer 2 Ethereum focused first on distribution to assist web3 project overcome distribution and user acquisition challenges.
You can read more about it here:
- Whitechain is now relaunching, as the first Ethereum Layer 2, focused on helping Web3 projects gain users, liquidity and activities.
- Whitechain, which is backed by W Group & WhiteBIT and the Ethereum L2 Exchange WhiteBIT, is building a platform that connects on-chain infrastructure to broader user distribution.
- Whitechain has moved the Layer 2 discussion beyond fees and scalability, placing user acquisition at the heart of the Ethereum-based network.
Whitechain The blockchain platform has relaunched as an Ethereum Layer 2 that is designed for distribution first. This will address the greatest challenge facing Web3 project: gaining users.
Whitechain is an integral part of W Group – a global ecosystem that reaches more than forty million users around the globe. WhiteBIT also has over 10 million users. By bringing these capabilities together, Whitechain is designed to connect on-chain infrastructure with the distribution power of an established financial and crypto ecosystem — giving web3 projects a path to reach users beyond the blockchain itself.
Whitechain puts the distribution of their product at its core. While L2 networks competed traditionally on technical performance and scalability, as well as transaction costs, Whitechain places distribution in the forefront of their model. Whitechain, a distribution-first Ethereum L2 relaunched as an exchange powered Ethereum L2 on the OP Stack, is aimed at addressing what is often the hardest challenge to overcome after a product has been built: attracting customers, liquidity, and sustained activity.
“There are many strong ecosystems, but what increasingly sets them apart is their ability to distribute,” You can also read about the importance of this in our article Volodymyr Nikolay, founder of W Group as well as CEO of WhiteBIT. “The industry has built increasingly sophisticated infrastructure, but great technology does not automatically translate into adoption. We want Whitechain to change that equation. Our ambition is to give builders a strong technical foundation and put the distribution power of our ecosystem behind the products that are ready to grow.”
At every phase, there are 3 tracks:
W Group is supporting the relaunch, which has been structured into three tracks to accommodate projects in different stages of development. Investment and growth possibilities Teams with innovative ideas or projects which have achieved product-market-fit and are now ready for scale-up.
- Build Program Early-stage Teams: Applicants who meet the criteria can receive discretionary funding of up to $300,000. The funding is released in accordance with agreed milestones. This program is designed to help teams with everything from the testnet to getting their first users.
- Strategic Ecosystem Agreements Support will be tailored to individual projects and may include contract migration support, co-marketing and direct collaboration with the Whitechain team. Whitechain will tailor support to specific projects, including contract and liquid migration support as well as co-marketing.
- Chain Extension Support Support is intended for multichain protocols that want to reach a new audience, without having to leave the network on which they currently operate. Support is intended to be structured around incremental user growth, with no exclusivity requirement, subject to specific deal terms.
You can find out more about this by clicking here. August 18,Whitechain is opening the Testnet public, applications for funding and migration track Web3 Teams, from the early stage builders to protocols and multichain project.
Whitechain is launching into an existing OP Stack infrastructure and tooling ecosystem. Teams can build upon proven infrastructure, such as wallets, indexing, and developer tools, from the beginning, rather than wait for them to arrive.
Whitechain Projects that are interested in expanding, building or migrating on Whitechain may apply via the Whitechain ecosystem program.
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Source: crypto.news
