TechFlow news — Cross-chain interoperability protocol Connext has announced it will launch its token, NEXT, and transition into a decentralized autonomous organization (DAO) within the next 1-2 months. Arjun Bhuptani, co-founder of the project, stated that NEXT tokens will also be airdropped to users and validators of the Connext network, with snapshots already completed.
Connext is a blockchain interoperability protocol enabling developers to build cross-chain applications, with its main product being the NEXT utility and governance token. NEXT will power the full decentralization of Connext, allowing validators on the network to stake NEXT tokens to participate in securing the network and earn fees in return.
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