According to Foresight News , Pharos Network, an EVM Layer 1 blockchain, has announced the launch of the Pharos Foundation. Following its establishment, the Pharos Foundation will provide funding and projects for builders and developers, foster trusted collaboration with traditional financial and institutional participants, and offer structured governance, transparent reporting, and ecosystem management to ensure friendly, inclusive, and trustworthy growth in the future. Pharos will also release its first transparency report and foundation charter, detailing its funding, allocation, and governance principles, which will be published after TGE and mainnet launch.
Pharos has established a foundation; detailed principles will be announced after TGE and the mainnet.
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