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OverProtocol, a Layer 1 blockchain, successfully activated its mainnet on September 4.
The project aims to create a user-friendly environment where anyone can easily participate in new P2P financial systems without requiring specialized expertise. The core development team, Superblock, has raised $8 million in funding to develop this blockchain, focusing on node optimization techniques and creating a complete ecosystem to reduce the barriers to entry for everyday users.
To mark this milestone, OverProtocol, in partnership with leading crypto companies GSR and Jambo, will host an event called “HangOver” on September 5. HangOver is expected to be one of the most exciting side events of KBW 2024, the premier cryptocurrency event in Korea.
Prior to the mainnet launch, OverProtocol launched two testnets, attracting over 700,000 participants who engaged in Palm Staking via the OverWallet app, enabling mobile cryptocurrency staking on the blockchain. Additionally, over 40,000 users used OverNode, a lightweight node client, on their personal computers, acting as validators on the blockchain network via Home Staking.
Following the mainnet activation, OverFlex and OverScape, two key applications in the ecosystem, will be updated in late September. OverFlex, a super application that combines OverWallet with a marketplace for real-world assets (RWA), is expected to be at the heart of OverProtocol’s vision. OverScape, the rebranded version of OverNode, symbolizes the beginning of a new era of P2P Internet integrated with finance, reminiscent of how the Netscape browser revolutionized personal access to the Internet.
Additionally, a large-scale airdrop will take place after the upgrades at the end of September. Ben (Jae-Yun) Kim, the founder of OverProtocol, mentioned that this airdrop will reward community members who have contributed to the ecosystem over the past year. After the airdrop, various community events will be held to create a blockchain environment that everyone can experience and enjoy in their daily lives.
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