Stellar to invest $100 million to develop Soroban smart contract application
The Stellar Development Foundation will invest $100 million to allow developers to develop applications for the platform. The foundation is launching the Soroban smart contract platform, which will give Stellar a better foundation to compete with Ethereum. Stellar has previously only been used to process cryptocurrency payments, with the launch of Soroban enabling developers to create blockchain applications on-chain, with Soroban ending its two-year testing phase in January 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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