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Layer 1 Privacy Network Namada Set To Launch Airdrop As Team Kickstarts Incentivized Testnet

Press Releases Crypto News CryptoDaily UK Layer 1 Privacy Network Namada Set To Launch Airdrop As Team Kickstarts Incentivized Testnet

Namada launches a slew of initiatives in Turkey set to boost participation and adoption of its platform across the Web 3 ecosystem.

Layer 1 asset agnostic, multi-chain privacy network Namada announced several developments to its platform during the Cosmoverse 2023 Conference held in Turkey on Monday. The new initiatives include the introduction of incentivised testnets, the launch of Namada’s revamped website and the long-awaited $NAM token airdrops for $ATOM token holders. The initiatives aim to rejuvenate the community and development team’s efforts to bring privacy-as-a-service to public blockchains, starting with the Cosmos blockchain.

The stage is set at @CosmoverseHQ , and @motherpredicate is about to illuminate the path to modular privacy in the interchain. Prepare for a mind-opening session with @namada! pic.twitter.com/Hv3Zem3nSK

— Namada (@namada) October 2, 2023

The goal of the latest initiatives is to enhance the presence of Namada as a solution to privacy in public blockchains. First, the blockchain provides a means for an unbounded, asset-agnostic anonymity set, with developments currently focused on Cosmos blockchain, as explained by the Head of Community at Heliax, Park Feierbach:

“Within the current IBC-connected landscape, no existing solution allows for privacy between zones; there is no Privacy across the Cosmos. Namada aims to fill this gap, steering the Cosmos ecosystem toward an era where privacy can become a choice to reveal oneself rather than one to conceal.”

The latest initiatives are strategically driven to ‘deepen Namada’s roots in the Cosmos ecosystem’, given the two blockchain protocols employ an IBC-enabled architecture. Additionally, Namada also confirmed the long-awaited airdrop for $ATOM holders is set to launch in the coming weeks, as the dev team prepares for its upcoming

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Author: CryptoDaily

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