Waves aims to reach 5 million active users and $10 billion in total value locked, or TVL, on the Layer-1 blockchain and projects developed on top of it. The news comes only days after the launch of Waves Labs, the company’s growth engine in the United States.
Waves is now in version 1.0, with roughly 2 million active users, 250 validators, and approximately 2 million active wallets. On a daily basis, the blockchain executes about 100k transactions and has a TVL of $2 billion. The roadmap outlines how the company intends to transition to version 2.0 and what that transition would entail. Waves Labs will be based in Miami and will serve as the Waves blockchain’s growth engine. Its primary goal will be to promote widespread adoption and raise awareness in the US market.
Head of U.S. operations Aleks Rubin, Head of Ecosystem Coleman Maher, Marketing Lead Jack Booth, and V.P. of Finance and Operations Tiffany Phan will lead a team of crypto and fintech expertise at Waves Labs. Rubin, a former banker with 20 years of corporate finance experience, stated. Meanwhile, Sasha Ivanov, the company’s founder and primary developer, will serve as an advisor.
Waves Labs began operations on March 28th and is currently hiring new employees. It will also help set up a $150 million accelerator fund to bring developers and projects into the Waves’ ecosystem. It plans to keep making protocol improvements to improve the system’s speed and security, according to the company. Its first priority will be to implement a new consensus technique based on Practical Proof-of-Stake Sharding, or PPOSS, in spring 2022. It will also focus on creating an Ethereum Virtual Machine-compatible network that will be connected to the present network.
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