Whitechain Relaunches as Ethereum L2 Distribution-Focused Network

Whitechain is rebooting as an Ethereum Layer 2 network focused on user growth and distribution. The relaunch aims to help Web3 projects reach users and liquidity.

The network, backed by W Group and WhiteBIT, which together serve over 40 million users worldwide, will open its public testnet and funding applications for Web3 projects on August 18.

Eligible early-stage teams can receive up to $300,000 in funding through the Builder Program, with money tied to agreed milestones. The network plans to launch a native decentralised exchange, oracle, and bridge as it moves towards mainnet.