The programmable privacy network Aleo announces the establishment of the Aleo Foundation

ChainCatcher news, according to official sources, the programmable privacy network Aleo has announced the establishment of the Aleo Foundation, aimed at guiding and supporting the network with a focus on open-source governance, developer engagement, and promoting zero-knowledge encryption applications. Additionally, Aleo will support innovative projects through an initial allocation of 150 million tokens via the foundation.

It is reported that the foundation is an independent non-profit 501c4 organization based in Wyoming, operating independently from the commercial entity that has developed Aleo to date.