As Tharimmune raises $540 million to build a Canton Coin treasury, the story behind the Canton Network shows that ICOs are not the only way to launch new blockchains.
The blockchain ecosystem is home to several highly successful smart contract protocols, which makes the arrival of newcomers highly competitive.
Canton Network is one of the newest ‘next generation layer one’ to vie for users and capital from incumbents like Ethereum and Solana. Alongside SUI and Aptos, Canton’s rise challenges the assumption that we have too many blockchains.
Rooz said that the developers had taken a lot of learnings from the launches of other layer-1 protocols as well as the teething problems of established players like Ethereum.
