Hyperlane establishes a foundation and launches the HYPE token

Media reports that the cross-chain application building platform Hyperlane has established a foundation aimed at managing and expanding the Hyperlane network. The Hyperlane Foundation launched the HYPE token today, which will establish an alliance among active users of the Hyperlane network. HYPE aims to lay a foundation for networks owned by developers, making those who make the network function its owners.