Hyperlane Establishes Foundation and Launches HYPE Token, Committed to Open Interoperability

The cross-chain interoperability solution Hyperlane has announced the establishment of a foundation and the launch of the HYPE token.Hyperlane network is an open and permissionless interoperability framework that allows developers to build applications across multiple blockchains. The HYPE token aims to establish the Hyperlane Alliance composed of network users to promote a "developer-owned" network model. The alliance will represent user interests, oversee grant programs, and recognize significant contributions to the network. Hyperlane is committed to becoming the first truly open interoperability framework created through community collaboration, providing new possibilities for interconnectivity within the blockchain ecosystem.