Decentralization prover network Succinct launched the Succinct Foundation, possibly preparing for the Token TGE.

Odaily News Decentralization Prover Network Succinct announced the launch of the Succinct Foundation, which may prepare for the upcoming Token TGE. It is reported that the foundation will act as an independent entity to promote the development of the Succinct Prover Network and zero-knowledge (ZK) technology, and to foster partnerships, fund innovations, and research to support the next generation of developers building zero-knowledge technology. It is reported that the Succinct Prover Network generates proofs for various applications by coordinating distributed provers, with the core token PROVE used for payment, incentivizing provers to participate in competitive pricing, and ensuring network security and governance through staking.