TechFlow News — The Lava Foundation has announced the completion of an $11 million funding round, with participation from Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Sandeep Nailwal, co-founder of Polygon, Ash Crypto, CryptoLark, and media outlets including Crypto Times Japan, Le Journal Du Coin, and The Rollup.
The Lava Foundation is the sole entity responsible for selling tokens and determining the network roadmap until the DAO launches on mainnet.
Lava's mainnet is scheduled to launch as planned in the first half of 2024, alongside the release of the LAVA token. The total supply of LAVA tokens will be 1 billion, with a portion allocated for user airdrops. While Lava is currently focused on RPC, it plans to support additional data infrastructure in the future, such as indexing, subgraphs, and sequencing.
