Foresight News reports that the EVM Layer 1 blockchain Pharos Network has officially launched its testnet, which provides a high-performance platform and developer-friendly tools. Pharos was founded by leaders in blockchain from Ant Group and Alibaba, aiming to become a public chain specifically built for RWA and DeFi. Pharos is also a co-developer of the large language model (LLM) AI toolkit SmartCogent, as well as being part of the core development team of DTVM technology.
Foresight News previously reported that the Pharos Network testnet was originally scheduled to launch on May 7 but was postponed due to technical issues.